The company is engaged in re-export trade business and encounters difficulties in the verification stage, not knowing the specific process, required materials, and precautions. The best answer points out that verification requires ensuring the authenticity of the trade, retaining a complete set of trade documents, receiving foreign exchange through a suspense account, and going to the foreign exchange administration with contracts, invoices, and other materials for processing. Pay attention to the authenticity and timely correspondence of documents and timely verification to avoid overdue.
Has anyone done re-export trade to Argentina? Share your experience.
Resolved
Our company is expanding its business recently and is considering re-export trade to Argentina. I haven't dealt with this before, so I don't know if the specific operating procedures are complicated, if the risks are high, or if there are any reliable agents to recommend. I want to ask if anyone has done re-export trade to Argentina? If so, can you share your relevant experience, such as what to pay attention to during cargo transportation and customs clearance? Thank you very much!
Trade Expert Insights Answers
Re-export trade to Argentina is feasible. First, in terms of operating procedures, you need to find a suitable transit point. Hong Kong and Singapore are commonly used. The goods are first transported to the transit point for some value-added operations, such as repackaging, relabeling, etc., and then transshipped to Argentina.
Regarding risks, attention should be paid to the policies and regulations of the transit point and changes in Argentina's import policies. For example, Argentina may impose import quotas, anti-dumping duties, etc. on specific products, so it is important to understand them in detail before operation.
As for agents, Zhongmaoda has rich experience in the field of re-export trade and can provide one-stop services, including logistics arrangements, document processing, customs clearance assistance, etc. During cargo transportation, ensure that the transportation route is reasonable and choose a reliable shipping company. For customs clearance, prepare various documents in advance, such as bills of lading, packing lists, commercial invoices, etc., and ensure that the documents match the actual situation of the goods.
When doing re-export trade to Argentina, documents must be accurate. I encountered problems with documents not matching the goods before, which caused problems during customs clearance in Argentina and delayed a lot of time. When looking for an agent, compare several, don't just look at the price, the service quality is also very important.
I did it once, and choosing a good transit point is crucial. You need to consider local warehousing costs, logistics convenience, etc. Also, communicate the delivery time with your Argentine customers to avoid dissatisfaction due to the long re-export process.
When re-exporting to Argentina, pay attention to exchange rate fluctuations, which can affect costs and profits. Also, pay attention to holidays in Argentina, and do not arrange customs clearance when they are on holiday, as it is easy to cause delays.
I think it's important to control the transportation time. Re-export trade has more transit links, and the time may be extended. You should inform the customer in advance and choose a reliable freight forwarder to avoid cargo delays.
Argentina has very strict import standards for some products. Before doing re-export trade, be sure to confirm whether the product meets its standards, otherwise it will be troublesome if it cannot be cleared at the destination.
Re-export trade involves multiple links, and cargo insurance should not be overlooked. In case of cargo damage during transportation, insurance can reduce losses. It is also important to maintain close contact with the warehouse at the transit point to grasp the cargo dynamics.
When operating re-export trade to Argentina, do not neglect language communication. The official language of Argentina is Spanish. It is best to have someone who understands Spanish for documents and communication to avoid misunderstandings.
Understanding Argentina's trade customs is also very important. They value personal relationships in business cooperation. Establishing good relationships with customers can help the smooth progress of trade.
During the re-export trade process, cost accounting should be done well. In addition to transportation and warehousing costs, there are also operating costs at the transit point, etc. Do not find that the profit is meager at the end.