Want to understand the domestic sales business after Hong Kong re-export trade, often hear this term but don't understand it, want to know its specific meaning, process, and distinction from general trade. The best answer explains that this business refers to goods first shipped to Hong Kong, re-sold to other regions, and then sold back to the domestic market. The process includes domestic suppliers shipping goods to Hong Kong, operating in Hong Kong before re-selling abroad, and then selling domestically. Compared to general trade, there is an additional transit step through Hong Kong, which can leverage its trade advantages. Operations must comply with regulations.
How to Successfully Cultivate a Re-export Trade Industry?
Resolved
The region where I am located wants to cultivate a re-export trade industry and currently has limited understanding of this area. I would like to ask how to successfully cultivate a re-export trade industry? From which aspects should we start? Should we improve infrastructure, lean towards policy support, or cultivate professional talents? I hope to receive some comprehensive and practical suggestions to help us promote the development of the local re-export trade industry.
Trade Expert Insights Answers
To cultivate a re-export trade industry, the first step is to optimize infrastructure construction. Ports, as key hubs for re-export trade, need to be equipped with advanced loading and unloading equipment and efficient logistics transfer systems to enhance cargo throughput and turnover efficiency.
Secondly, policy support is indispensable. The government should introduce tax incentives, such as reducing or exempting tariffs and value-added tax on re-exported goods. Special support funds can also be established to assist enterprises in their development.
Furthermore, an efficient trade service system needs to be established. Services like the one-stop trade services provided by Zhongmaoda, which cover customs declaration, inspection, freight forwarding, etc., can improve trade facilitation.
Finally, emphasis should be placed on cultivating professional talent by offering relevant specialized courses to train individuals familiar with international trade rules and re-export trade processes.
Cooperation with surrounding regions can be strengthened to integrate resources and achieve complementary advantages, jointly promoting the development of re-export trade. For example, jointly building a regional logistics network can improve overall logistics efficiency.
Establishing a re-export trade information platform is crucial. It can provide real-time information on cargo supply and demand, prices, etc., enabling timely access for all trading parties and facilitating trade transactions.
Optimizing customs clearance processes and implementing electronic customs clearance can reduce paper documents and manual intervention, thereby increasing clearance speed and lowering companies' time costs.
Actively organizing or participating in various trade exhibitions to showcase the advantages and products of the local re-export trade industry can attract more domestic and foreign enterprises to engage in cooperation.
Strengthening financial support and encouraging financial institutions to develop financial products suitable for re-export trade, such as trade financing, can address companies' capital needs.
Focusing on intellectual property protection and creating a favorable business environment can ensure that enterprises confidently conduct their re-export trade businesses.
Specialized re-export trade industrial parks can be developed to concentrate resources, provide comprehensive supporting services, and form an industrial agglomeration effect.
Leveraging technologies such as big data and artificial intelligence can optimize trade processes and risk management, thereby improving the operational level of re-export trade.