The White List is a directory of Chinese Manufacturers prepared by the US Department of Commerce. This is a free and open resource for businessmen who are planning to export goods to China. You can get this free information from the US State Department website. It was established in 1988 as an alternative to the now outdated Foreign Trade and Tariffs Manual. It provides a convenient service for businesses, which enables them to manage their contracts, transactions and contacts with China without having to pay any customs and tax charges.
This list contains the full and complete list of all Chinese firms engaged in exporting and importing products. The free trade area covers the exports and imports of goods into the country. Free access is provided to persons engaged in business to enable them to purchase and sell goods without any cost or payment. Imports into the free trade area include cargoes, machinery, automobiles, petroleum products, services and other goods.
China exportation entails significant risks for businessmen. For instance, goods having high tariff structures in one country may be cheaper in another. If you want to take advantage of these risks, you have to seek prior permission from the relevant authorities. This will help ensure that your investment is not subjected to undesirable treatment. There are instances when the approval process takes a long time, even after submission of the appropriate documents. This delay can seriously jeopardize your investment.
As a businessman looking to set up a China exportation, you should know how to correctly identify the kind of goods to send. The free trade area includes all economic activities related to the renminbi currency exchange. This includes import, export, re-export and cash receipts. Some of the enterprises that you contact should also be able to provide you with such information.
Before embarking on a China export, it is important for you to consider the following issues. First, you have to make sure whether the products you are sending are in free access. Usually, there is some form of tariff attached to goods that pass through the free trade area. If you have to pay a certain amount of custom fees, you should find out if there are other forms of fees applicable to your goods. If they are, then you should look for another trader who can reduce the amount of such payments or offer the products at discounted rates.
You should be aware that it is not compulsory for you to open a bank account to receive the money that you will be sending to China. However, many traders will agree to this arrangement so that they can expand their business. If you want to avoid paying hefty fees for an intermediary and you do not have the resources to open a bank account, then you should inform the China exporter of your need for such funds.
Once you have identified the appropriate China exportation white list, you need to discuss your plans. You have to ensure that the details of your goods are accurately described so that the exporter does not face any problems when the items reach China. You can expect to receive an authorization to transport the items once you furnish all the relevant information. Make sure that you fill in the invoice with correct names and addresses of the sending and receiving parties. If you provide the importer with the list of items that you want, he should be able to find a buyer for the goods.
One more important aspect of China exportation is the registration of the items that you wish to send. There are certain procedures that have to be followed in order to receive these items. However, they are not prohibitive and you can expect them within one month after the date of your China exportation. This also means that you will have a chance to improve your knowledge about the customs procedures. There are several companies that help you with your China exportation. They even provide you with free services such as guides, database, price lists, and the like.