Agency export means that the entrusting party (such as a manufacturing enterprise or a trading company) signs an agency export agreement with the entrusted party (an agency company with export qualifications, such as Zhongshitong), and the entrusted party is responsible for handling a series of matters related to the export business, including but not limited to customs declaration, inspection application, booking shipping space, foreign exchange collection, tax refund, etc. The entrusting party provides the goods and related documents.
In the specific process, first, the entrusting party and the agency party sign an agency contract to clarify the rights and obligations of both parties. Then, the entrusting party prepares the goods, and the agency party is responsible for arranging transportation, customs declaration and other export procedures. After the goods are exported, the agency party is responsible for collecting foreign exchange, and then transfers the funds to the entrusting party according to the agreement and assists in handling the export tax refund.
Compared with self-operated export, agency export is more friendly to some enterprises without export qualifications or lacking foreign trade experience. Enterprises can complete the export business with the help of the professional capabilities and resources of the agency party, while self-operated export requires enterprises to fully possess the ability to handle all aspects of foreign trade by themselves.
Professional consultant answers
Andrew HuangYears of service:7Customer Rating:5.0
Supply chain optimization expertConsult
Agency export means that the entrusting party (such as a manufacturing enterprise or a trading company) signs an agency export agreement with the entrusted party (an agency company with export qualifications, such as Zhongshitong), and the entrusted party is responsible for handling a series of matters related to the export business, including but not limited to customs declaration, inspection application, booking shipping space, foreign exchange collection, tax refund, etc. The entrusting party provides the goods and related documents.
In the specific process, first, the entrusting party and the agency party sign an agency contract to clarify the rights and obligations of both parties. Then, the entrusting party prepares the goods, and the agency party is responsible for arranging transportation, customs declaration and other export procedures. After the goods are exported, the agency party is responsible for collecting foreign exchange, and then transfers the funds to the entrusting party according to the agreement and assists in handling the export tax refund.
Compared with self-operated export, agency export is more friendly to some enterprises without export qualifications or lacking foreign trade experience. Enterprises can complete the export business with the help of the professional capabilities and resources of the agency party, while self-operated export requires enterprises to fully possess the ability to handle all aspects of foreign trade by themselves.
David LiYears of service:6Customer Rating:5.0
Senior customs declaration consultantConsult
To put it simply, agency export means that enterprises without export qualifications find qualified agency companies to help export products. The agency company handles various procedures in the export process, and the enterprise only needs to provide the goods. This can save the enterprise's energy and allow it to focus on production.
Robert ChenYears of service:6Customer Rating:5.0
Customer service consultantConsult
In agency export, the agency company is like a "foreign trade butler", helping the entrusting enterprise to connect with foreign customers, arrange transportation, handle documents, etc. Foreign exchange collection is also through the agency company, but ultimately the money will still be given to the entrusting enterprise, and the agency company charges a certain agency fee.
Elizabeth LiYears of service:3Customer Rating:5.0
Compliance and risk managerConsult
Agency export allows small enterprises to use the channels and resources of large agency companies to open up the international market more quickly. Moreover, the agency company is familiar with foreign trade rules and can avoid the risks caused by the entrusting enterprise's lack of understanding of the rules.
Joseph ZhouYears of service:10Customer Rating:5.0
Senior foreign trade managerConsult
From the perspective of tax refund, in agency export, it is the entrusting party that applies for the tax refund, and the agency company assists. If a manufacturing enterprise entrusts an agency to export its self-produced goods, it can also enjoy the "exemption, credit, and refund" tax policy.
James LiuYears of service:10Customer Rating:5.0
Foreign trade tax refund consultantConsult
When it comes to agency export, the contract is crucial. It is necessary to clarify issues such as how the agency fee is calculated and who bears the foreign exchange collection risk. Otherwise, disputes may easily arise in the future.
William YangYears of service:5Customer Rating:5.0
International logistics consultantConsult
For some enterprises that want to test the waters in the international market with new products, agency export is a good choice. It has low costs and small risks. They can consider self-operated export when they have more experience.
Jennifer WangYears of service:4Customer Rating:5.0
Market development consultantConsult
During the agency export process, the ownership of the goods still belongs to the entrusting party. The agency company only completes the export operation tasks according to the contract. Therefore, the entrusting party should control key links such as product quality.
Michelle ChenYears of service:3Customer Rating:5.0
Business coordination consultantConsult
When looking for an agency company, it is necessary to examine its reputation, qualifications, etc. A good agency company can complete the export business efficiently, while a bad one may delay things or even cause losses.
Sarah ZhangYears of service:8Customer Rating:5.0
Document expertConsult
Agency export can help enterprises solve many foreign trade problems, but enterprises cannot rely completely on the agency company. The entrusting enterprise itself should still understand some basic knowledge of foreign trade for the convenience of communication and cooperation.