UNAWARE ABOUT VARIOUS TRADE AGREEMENTS & THEIR RESPECTIVE BENEFITS ?
PROPER DOCUMENTARY PROCEDURES DIFFICULT TO UNDERSTAND ?
NOT SURE IF YOUR PRODUCTS QUALIFY FOR DUTY TARIFF BENEFITS ?
GOVERNMENTS AROUND THE WORLD ARE UNDERTAKING MANY FREE TRADE AGREEMENTS, PREFERENTIAL TRADE AGREEMENTS, BILATERAL TRADE AGREEMENTS ETC TO BOOST GLOBAL TRADE.
CERTAIN AGREEMENTS GRANT DUTY FREE ENTRY OF SELECTED GOODS, CERTAIN AGREEMENTS REDUCE THE CUSTOM DUTY.
PROPER KNOWLEDGE WILL HELP IMPORTERS BUY BETTER & SAVE ON CUSTOM DUTY.
EXPORTERS WILL BE ABLE TO WIDEN THEIR SELLING MARKETS BY UNDERSTANDING WHICH COUNTRY IS ALLOWING A DUTY FREE IMPORT OF THEIR PRODUCT.
AS PER A MARKET SURVEY, 65% OF ALL INTERNATIONAL TRADES IN THE SME CATEGORY ARE UNABLE TO BENEFIT FROM THESE AGREEMENTS DUE TO UNAWARENESS.
COMPLEX DOCUMENTARY PROCEDURES RELATED TO SHIPPING DOCUMENTS, PROOF OF ORIGINS ETC IS ALSO A BOTTLENECK FOR SME's, CAUSING HINDRANCE IN PROPER USE OF INTERNATIONAL TRADE AGREEMENTS for BUSINESS GROWTH.