What are the entrepot trades of Marshall Islands companies? Come and learn about it!
Solved#Entrepot trade#
I'd like to know what the entrepot trades of Marshall Islands companies are. I've heard before that there are quite a few advantages in conducting entrepot trade through Marshall Islands companies, such as being able to reasonably circumvent trade barriers. But I'm not quite clear about the specific forms of entrepot trade. I hope that friends who are knowledgeable in this area can explain it to me. It would be best if it could be from the perspective of actual operations so that I can understand how to choose the entrepot trade method that suits my business. Thank you.
Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The common forms of entrepot trade of Marshall Islands companies are as follows. First is the direct entrepot trade, where goods are shipped directly from the producing country to the consuming country, but the trade operations are carried out through Marshall Islands companies in the middle and the goods do not enter the Marshall Islands. This way can reduce transportation costs and time.
Secondly, there is the indirect entrepot trade, where goods are first shipped to the Marshall Islands and then transshipped to the consuming country. Simple processing, packaging, etc. can be carried out in the Marshall Islands to increase the added value of the products.
Furthermore, there is the transit entrepot trade, where goods pass through the Marshall Islands and the Marshall Islands companies are only responsible for arranging transportation, warehousing and other services. When choosing, factors such as the characteristics of your own products, target markets, and cost budgets should be taken into account. If the timeliness of the products is strong, direct entrepot trade is more suitable; if value-added processing is required, indirect entrepot trade is a good choice.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
There is also another form of entrepot trade, which is to utilize the bonded warehousing function of the Marshall Islands to temporarily store goods in the bonded warehouses of the Marshall Islands and then transship them according to market demands. This can flexibly respond to market changes, and during the warehousing period, operations such as sorting and selecting goods can also be carried out.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In addition, Marshall Islands companies can engage in the entrepot trade mode of triangular trade. For example, goods are produced in Country A, and Marshall Islands companies purchase them from Country A and then sell them to Country B. The goods are directly shipped from Country A to Country B. Through this way, profits can be made by taking advantage of the differences in trade policies of different countries.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
In the entrepot trade of Marshall Islands companies, there is also processing entrepot trade. That is, after the goods are shipped to the Marshall Islands, some assembly and processing are carried out to change the form of the products before exporting them again. This can make the products more in line with the demands of the target market and increase the profit margin.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
There is a form of warehousing entrepot trade, where goods are stored in the warehouses of the Marshall Islands and resold and transshipped at the appropriate time. This is suitable for those commodities that are waiting for the right price to be sold, taking advantage of the good warehousing conditions and geographical location advantages of the Marshall Islands.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Marshall Islands companies can conduct reselling-type entrepot trade. When there is a buyer's demand, they purchase goods from other suppliers and directly ask the suppliers to ship the goods to the buyer, and the Marshall Islands companies earn the price difference.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
In the entrepot trade of Marshall Islands companies, value-added entrepot trade is also quite common. Special packaging, markings, etc. are added to the goods in the Marshall Islands to increase the value of the products before exporting them again.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
By taking advantage of the trade facilitation policies of the Marshall Islands, when conducting entrepot trade, documentary entrepot can also be carried out. The transportation of goods remains unchanged, and the purpose of entrepot trade is achieved by having Marshall Islands companies handle trade documents.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
In the entrepot trade of Marshall Islands companies, agency entrepot can also be carried out. That is, entrusted by other companies, the entrepot trade operations are completed in the name of Marshall Islands companies, and agency fees are charged.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Furthermore, in the entrepot trade of Marshall Islands companies, there is the form of cooperative entrepot. They cooperate with other companies, integrate resources, jointly complete the entrepot trade, share risks and profits.