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Is agency equivalent to import? Come and find out the truth!

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I've been a bit confused about trade-related concepts recently. I'd like to ask if agency means import? I heard before that some people asked agency companies to help handle their business, and I thought that agency meant import. But when I think about it carefully, it doesn't seem quite right. What is the relationship between agency and import exactly? Could you please explain it to me in detail? What are the differences and connections between them?

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Professional consultant answers

David Li
David LiYears of service:6Customer Rating:5.0

Senior customs declaration consultantConsult

Agency is not equivalent to import. Agency refers to the civil legal act implemented by the agent in the name of the principal within the scope of agency authority, and the consequences are borne by the principal. In the trade field, agency can involve various businesses, and import agency is just one of them.

Import, on the other hand, refers to the commercial activity of transporting goods from abroad to domestic. If it is an import agency, the agency company will help the importer handle matters in the import process such as goods clearance, transportation arrangement, and document processing. However, agency business can also include export agency, that is, helping domestic enterprises sell their products abroad; there are also some non-import and export related agencies, such as trademark registration agency. Therefore, the scope of agency is much wider than that of import. Import is just one direction that agency may involve, and we cannot simply equate agency and import.

Robert Chen
Robert ChenYears of service:6Customer Rating:5.0

Customer service consultantConsult

No, agency business is very broad, and import agency is just a part of it. For example, some agencies are specifically responsible for helping enterprises with domestic market promotion, which has nothing to do with import.

Michelle Chen
Michelle ChenYears of service:3Customer Rating:5.0

Business coordination consultantConsult

Of course not. There are many types of agencies. Besides import agency, there are also advertising agencies, legal affairs agencies, etc., which have nothing to do with import at all.

Sarah Zhang
Sarah ZhangYears of service:8Customer Rating:5.0

Document expertConsult

Andrew Huang
Andrew HuangYears of service:7Customer Rating:5.0

Supply chain optimization expertConsult

Amanda Yang
Amanda YangYears of service:3Customer Rating:5.0

Cost control consultantConsult

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

Emily Liu
Emily LiuYears of service:10Customer Rating:5.0

Settlement and payment expertConsult

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

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