The Cost of Importing Exporting

In our present financial position the UK government is looking at exporting as one of the key areas which will help the government to redress the national debt. As a result exporting has taken on a new and immediate importance, companies are seeking new markets and reinforcing existing markets. Their overseas customers are more or less in the same situation, funds not available to buy from the UK or in other words they are seeking quality products at a very competitive price. This has led to UK exporters to strive to deliver quality and minimise their export costs. Export training is a important element of export cost control. A well trained and informed export staff can contribute in no small way to the export success of any company, by using best practice, controlling costs and working in close relationship with third parties in the logistical chain such as freight forwarders, air lines and shipping lines.

It also holds true for companies importing raw material or finished goods, they have to control their import costs and work on very tight margins. The import clerk can make a very significant contribution to cost savings by being aware of custom regimes which can assist the importing company such as deferred duty and VAT, inward processing relief, bonded warehousing, declaring the correct commodity code and not overpaying import duty. This knowledge can be gained through import training courses which can result in a well informed and highly trained staff who can make a positive contribution to import costs.

For more information on importing exporting, contact us today.