Why do European companies decide to import goods? and not produce it yourself.

Updated on Financial 2024-05-16
2 answers
  1. Anonymous users2024-02-10

    Because it is convenient to buy directly. The wages of local hired workers in Europe are high, and the products produced are not as cheap as those of other countries, so it is more cost-effective to buy products from other countries directly.

    Find a domestic factory to inquire - negotiate - pay the corresponding deposit.

    Order - production - inspection - shipment - transportation and customs declaration and export - on the ship (or express, air to Europe) - provide bill of lading - customer pay the balance - to foreign ports (or airports) - customs clearance and import - get the goods!

    Tariff rates for food imports.

    1: Food import duties.

    10%--35%: Import duty amount = CIF ** Import duty rate.

    2: Value-added tax on food imports.

    17% : VAT amount = (CIF + import duty amount + consumption tax.)

    amount) VAT rate.

    Depending on the actual product, some products are 13% (e.g. honey).

    3. Consumption tax 10%: consumption tax amount = ((CIF + customs duty amount) 1 - consumption tax rate) x consumption tax rate (according to the actual product, some products are subject to consumption tax such as red wine.)

    The company's ** import declaration of goods are:

    Pre-packaged foods.

    Customs declaration, etc.: (alcohol, food, nuts and dried fruits, condiments, beverages, coffee, honey, biscuits, enzymes.)

    Snack foods. canned food, mineral water, jams, jellies, etc.);

    Customs declaration of personal belongings**:( travel purchase items, international express delivery (passenger with goods, etc.).

    Customs declaration for daily general goods: (luxury goods, kitchenware and tableware, 3C**, fabrics and clothing, shoes, cleaning supplies, furniture, office stationery,

    Amber, cosmetics, decorations, sporting goods, decoration materials, plastic products, musical instruments, toys, etc.).

    Electronic auto parts instruments, etc.: (instrument accessories; Electronic components, computer accessories, auto parts, digital accessories, mechanical instruments, motorcycles.

    accessories, bicycles, communication accessories, etc.);

    Art import ** category: (more than 100 years of antiques, oil paintings, sculptures, stamps, collectibles, porcelain, auction items, etc.);

    Import declaration of machinery and equipment: (machine tools, transformers, engines, casting equipment, instrumentation, bearings, medical equipment, production equipment, etc.).

    Hygiene products import declaration: (diapers, wet wipes, sanitary napkins.)

    pacifiers, feeding bottles, etc.);

    Import customs clearance of chemical products: (chemicals, coatings and paints, chemical reagents, dangerous goods, plastic particles, etc.);

    Handicrafts clearance ** category: (wood carving, stone carving, ceramics, lacquerware, jade, crystal, bronze bells, etc.);

    Import declaration of paper products: (wood pulp customs declaration, books, posters, albums, copy paper, printed matter, etc.);

    Metal; Base metal products: (mechanical parts, equipment accessories, aluminum alloy products, hardware products, etc.);

  2. Anonymous users2024-02-09

    The wages of local hired workers in Europe are high, and the products produced are not as cheap as those of other countries, so they buy products from other countries directly.

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