Planning to import products from manufacturers or wholesalers in Turkey? In this guide, we explain what European, Middle Eastern and American buyers must know about payment methods, currencies, and fraud prevention in relation to paying Turkish suppliers.
Continue reading How to pay suppliers in Turkey: A Complete Guide
This guide explains what US and Canadian importers must know about paying Mexican export manufacturers and wholesalers. We cover wire transfers, letters of credit, and card payments. In addition, we also explain which currencies are normally accepted – and how you can reduce the risk of payment fraud and other payment-related scams in Mexico.
Continue reading How to pay suppliers in Mexico: A Complete Guide
This guide explains how you can find qualified manufacturers and wholesalers in Portugal. You will learn how to use supplier databases, trade shows, trade associations and sourcing companies to find suppliers producing clothing, home textiles, furniture, and other product types.
I also share some of the experience I have gained in recent years working with Portugese factories, and how this can help you manage expectations, and improve the response rate wehn requesting quotations.
This guide explains what buyers must know when paying suppliers in the European Union and elsewhere in Europe. We cover payment methods, such as bank transfers, letters of credit, and credit card payments. In addition, the guide explains what you must know about payment terms, supplier credit, and making payments in EUR, USD, and GBP.
Continue reading How to pay suppliers in Europe: A Complete Guide
Are you trying to decide whether you should manufacture your products in Europe or China? In this guide, we compare production costs, MOQ requirements, and sample costs between factories in both Europe and China. We also take other factors into consideration, such as the response rate, shipping costs, customs tariffs, and lead times.
Continue reading Manufacturing in Europe vs China: A Comparison
Are you looking for manufacturers or wholesalers in Turkey? In this guide, we explain how you can use the Productmkr Supplier Database, and other methods, to find qualified suppliers producing clothing and textiles, jewellery, cosmetics, supplements, and many other products.
We also explain what buyers must know about vetting Turkish suppliers, and the steps you must take when contacting suppliers to request quotaions.
Continue reading How to Find Manufacturers in Turkey: A Complete Guide
Are you looking for manufacturers and wholesalers in the EU or elsewhere in Europe? This guide explains how you can use the Proudctmkr Supplier Database, and other sources, to find suppliers in various industries.
We also look into why it can be difficult to find suppliers in Europe in the first place – and why many factories tend to not respond.
Supplier Overview
Continue reading How to find manufacturers in Europe: A Complete Guide
Businesses importing products from Mexico into the United States generally do not need to pay tariffs, due to the provisions set by the United States‑Mexico‑Canada Agreement (USMCA).
This guide explains tariffs and customs duties from the perspective of US companies importing products from suppliers in Mexico. We also explain what the USMCA is, and how to determine duty rates for your product.
Methodology
This article is based on our research that mainly involved the following sources:
a. Agreement between the United States of America, the United Mexican States, and Canada 7/1/20 Text
b. UNITED STATES–MEXICO–CANADA TRADE FACT SHEET Rebalancing Trade to Support Manufacturing
c. U.S. – Mexico – Canada Agreement (USMCA) Frequently Asked Questions
d. U.S. Customs and Border Protection Export Duties FACT SHEET
e. FTA Certificates of Origin
f. FTA Tariff Tool
g. How Tariff Calculations Work
h. Duty – Cost Insurance and Freight (CIF)
i. Harmonized Tariff Schedule
Continue reading Tariffs and duties when importing goods from Mexico to the US
When importing products from the EU into UK, you do not need to pay import duties, as stated in the UK-EU Trade and Cooperation Agreement. Additionally, you do not need to do so when importing products from Northern Ireland into Great Britain (that is England, Wales or Scotland).
This guide explores import duties and tariffs from the perspective of UK companies buying from suppliers in the EU, including information on the UK-EU Trade and Cooperation Agreement, and how to know which tariffs apply to a product.
Methodology
We used the following sources from the official UK Government website:
a. Trade Tariff: look up commodity codes, duty and VAT rates
b. UK-EU Trade and Cooperation Agreement
c. Public Consultation on the UK Global Tariff
d. EXPLANATORY MEMORANDUM TO THE CUSTOMS TARIFF (PREFERENTIAL TRADE AND TARIFF QUOTAS) (EU EXIT) (AMENDMENT) REGULATIONS 2022
e. Tax and customs for goods sent from abroad
f. MOVING GOODS FROM GREAT BRITAIN TO NORTHERN IRELAND?
Additionally, we used the following sources:
a. The European Commission’s page dedicated to The EU-UK Trade and Cooperation Agreement
b. Ireland’s official website’s page dedicated to Customs implications of trade with Northern Ireland
Continue reading Tariffs and duties when importing goods from the EU to the UK
UK businesses importing products from suppliers in the EU must pay the Value Added Tax (VAT). The VAT is usually charged at the same rate as if you were buying the same products from a UK based supplier.
This guide explains VAT requirements from the perspective of UK businesses that buy their products from suppliers in the EU. We also explain the different VAT rates, how to calculate VAT, and whether you can reclaim it.
Methodology
We only used information from the following pages published on the official UK Government website:
a. Paying VAT on imports from outside the UK to Great Britain and from outside the EU to Northern Ireland
b. VAT rates on different goods and services
c. VAT rates
d. Trade Tariff: look up commodity codes, duty and VAT rates
e. Working out the VAT value using the customs value of the imported goods
f. Send a VAT Return
g. VAT on movements of goods between Northern Ireland and the EU
h. Accounting for VAT on goods moving between Great Britain and Northern Ireland from 1 January 2021
Continue reading VAT when importing goods from the EU to the UK