I want to start an import agency business, but I have no experience. How should I proceed?

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I recently plan to start an import agency business, but I know nothing about it. I don't know the specific process, what key matters to pay attention to, or how to find reliable partners. I hope experienced friends can explain it to me in detail. Thank you!
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The main steps for import agency are as follows: Firstly, sign a detailed import agency agreement with the client, clarifying the rights and obligations of both parties, such as specifications, prices, delivery dates, and other terms for the imported goods.

Next, obtain relevant import licenses and other qualifications (if required), then find suitable foreign suppliers according to the client's requirements and negotiate contract terms.

Before the goods arrive at the port, prepare the customs declaration and inspection documents, including invoices, bills of lading, packing lists, etc. After the goods arrive at the port, promptly handle customs declaration and inspection procedures, pay taxes and duties such as customs duties and value-added tax. After customs clearance is completed, deliver the goods to the client.

In terms of precautions, strictly control financial risks, ensuring the client pays for goods and related expenses on time; at the same time, familiarize yourself with import policies for various goods to avoid violations. When looking for partners, vet their reputation, qualifications, etc., through industry reputation, on-site inspections, and other methods.

References: Shocking! These Are the Secrets Behind Hunan Import Logistics Agency Prices

It is essential to sign a good import agency agreement with clear terms. This can avoid many disputes later on.

Understanding the relevant import policies for the goods is very important. Otherwise, you might encounter problems during customs declaration or other procedures.

Be cautious when finding foreign suppliers. Compare several of them and consider aspects like price and quality.

Remember to prepare customs declaration and inspection documents promptly. Otherwise, customs clearance will be delayed when the goods arrive at the port.

Pay attention to exchange rate fluctuations at all times, as they can affect cost calculations.

Communicate smoothly with the client and stay updated on any changes in their needs.

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