Our company has the right to import and export. I'd like to ask if we can do agency import and export business in this case? What additional conditions do we need to meet if we do agency business? Will there be some risks that need to be noted in advance? I hope friends with experience can help answer this. Thank you.
The company intends to carry out import and export business. It doesn't understand how to handle import and export rights and asks whether there are professional agencies and general agencies for handling import and export rights, as well as the differences between them and precautions when looking for an agency. The best answer states that there are professional agencies and general agencies. Professional agencies are more professional and experienced, and can accurately grasp the procedures and regulations. General agencies are less professional. When looking for an agency, pay attention to its qualifications, reputation, service content, charging standards, and communication.
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Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Having the right to import and export means that a company can do agency business. Firstly, having the right to import and export indicates that the company has the basic qualification to engage in the import and export of goods, which is the foundation for doing agency import and export business. However, to do a good job in agency business, it is necessary to improve the internal business process and management system. For example, there should be professional foreign trade business personnel who are familiar with various links such as import and export customs declaration, inspection application, and transportation and can provide professional services for the consignor.
Secondly, in terms of finance, the various revenues and expenditures of the agency business should be clearly calculated to avoid confusion with the self-operated business. Meanwhile, importance should be attached to contract signing to clarify the rights and obligations with the consignor, including clauses such as the liability for the quality of goods, the bearing of expenses, and intellectual property rights.
There are also risks in doing agency import and export business. For example, the credit risk of the consignor. If the consignor's business operation is not good, it may lead to difficulties in recovering the payment for goods; there is also the risk of the quality of goods. If there are quality problems with the goods, the agency may be implicated. Therefore, it is necessary to do a good job in risk assessment and prevention and control.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
It can be done. However, it is necessary to communicate well with the consignor and make all the expenses clear to avoid disputes over fees such as agency fees and freight charges in the future.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
To do agency business, a good customer relationship should be established. Having the right to import and export is just the beginning. Only when the follow-up services keep up will customers continue to ask you to do agency business for them in the long term.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Don't forget to understand relevant laws and regulations, such as the regulatory requirements of the customs and tax policies. Only by operating in compliance can troubles be avoided.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
It can be done, but a perfect file management should be established to save all the documents and materials of each agency business for subsequent inspection and the like.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
It should be made clear in advance with the consignor who will take the lead in handling procedures such as customs declaration to avoid unclear responsibilities and delaying the progress of goods import and export.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The capital flow should be well controlled to avoid the situation where the advanced funds cannot be recovered and to ensure the safety of one's own funds.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Good market research should be done to understand the market situation of the agency goods so that more comprehensive suggestions can be provided to the consignor.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
During the agency process, the business progress should be fed back to the consignor in a timely manner so that the other party has a clear idea and the sense of trust can be increased.