Acquired an e mail this morning from an organization requested solely “for recommendation” about importing their particular product from China into the USA and the EU.
My response was as follows:
My recommendation is if you’re not paying prematurely, you do some mixture of the next:
Chinese language Firm Reputational Reviews: It is best to have a due diligence report finished on every firm to which you may be sending cash, earlier than you ship the cash. You could find out about our due diligence studies right here.
NNN Agreements. Relying on the specifics of your product and your small business, you doubtless will want an NNN Agreement. These shield towards your Chinese language manufacturing disclosing your confidential info, utilizing your info or your product, and going on to your prospects.
Manufacturing Agreements. With out this, you’re weak to points like poor product high quality, late deliveries, and paying for one thing and getting nothing in any respect. You may learn extra about these right here.
China Logos. In case your product entails branding, it’s important to guard your logos in China, even when your whole product gross sales are outdoors China. See Manufacturing in China: Trademark Registration Needs to be the First Factor You Do.
Tariffs: It’s important you perceive the tariffs and duties related to importing your explicit product into the US and the EU, and that you just discover methods for probably lowering (and even eliminating) these tariffs and duties.
You probably have any further questions, please don’t hesitate to achieve again out.