A company involved in transshipment trade is unsure how to fill in the relevant trade codes, inquiring about standardization and regional differences in filling requirements. The best answer points out that the customs trade method code for transshipment trade is generally "121030". When filling it in, ensure that the nature of the trade is consistent. Although different regions generally follow a unified standard, it is recommended to confirm with the local customs in advance.
Does the US Accept Transshipment Trade? Find Out Now!
Resolved
I want to engage in international trade. Considering that some products directly exported to the US might face issues like higher tariffs, I'm thinking of using transshipment trade. However, I'm not sure if the US accepts this form of trade. Could anyone knowledgeable explain what the US's general attitude is towards transshipment trade? And what are the key points to pay special attention to during operations?
Trade Expert Insights Answers
The US accepts transshipment trade. Transshipment trade is a relatively common trade method in international trade. The US has no exclusionary attitude towards legal and compliant transshipment trade. However, numerous key points need attention during operations. Firstly, the origin identification of goods must be accurate to avoid issues such as origin fraud caused by incorrect labeling. If goods are transshipped through a third country, packaging, labeling, and other aspects must comply with US regulations on origin marking. Secondly, relevant documents must be complete, such as bills of lading, commercial invoices, packing lists, etc., and the information on these documents must match each other and be true and accurate. Furthermore, be wary of investigations into trade barrier circumvention; if the purpose of transshipment trade is to unreasonably circumvent existing US trade barriers, it is highly likely to face investigations and penalties. Therefore, when engaging in transshipment trade with the US, businesses must thoroughly understand relevant US laws and policies to ensure legal and compliant operations.
The US accepts transshipment trade, but trade compliance must be observed. For example, one must not intentionally conceal the true origin of goods; otherwise, if discovered, high fines may be incurred. Additionally, different products may have different regulations, so it's best to consult a professional trade advisor in advance.
The US accepts transshipment trade. However, during operations, attention must be paid to US Customs inspections. Information such as the transportation route and storage of goods during transshipment may be scrutinized, so it's important to keep good records for inspection.
The US accepts transshipment trade. Intellectual property issues must be taken seriously; transshipped goods must not infringe upon the intellectual property rights of US companies within the country, otherwise, entering the US market will lead to significant trouble.
Transshipment trade is accepted by the US. However, changes in US trade policies need to be noted, such as import restrictions on certain products during specific periods, which must be grasped promptly to prevent goods from being unable to clear customs smoothly after arrival.
The US accepts transshipment trade. Documentation must be standardized; key documents like certificates of origin must be ensured to be authentic and valid, otherwise, it will affect the customs clearance process of goods in the US.
The US accepts transshipment trade. However, attention must be paid to the selection of transshipment ports, as some ports have standardized operations that can reduce subsequent troubles, while others have chaotic management that may bring risks to trade.
The US accepts transshipment trade. Businesses should pay attention to exchange rate fluctuations, because the transshipment trade cycle can be long, and exchange rate changes may affect final profits, so countermeasures should be prepared in advance.
The US accepts transshipment trade. However, during transshipment, the quality of goods must comply with relevant US standards, otherwise, even if tariffs are avoided through transshipment, goods that do not meet quality standards cannot be sold in the US market.
The US accepts transshipment trade. It is important to maintain good communication with all parties involved in transshipment trade, including transit traders, freight forwarders, etc., to ensure the smooth progress of the entire process.