The import of alcohol in the United States can be a lucrative business. According to Statista, the U.S. made roughly 223.2 billion dollars in alcoholic beverage sales back in 2016 -- and that number has continued to grow steadily since 2006. But while the majority of that money comes from [...]
When importing, trying to work around expensive duty fees isn’t always easy. If what you’re importing is valued under $800 USD or less, however, you may not have to pay duty -- or even declare a formal entry -- on your goods! While this is a great deal for anyone [...]
Temporary imports, while generally not what most people would think of when they think about imports, are a key kind of import that allows companies and professionals to bring in samples, equipment, and prototypes without being charged duty they otherwise would have to pay. Because a temporary import will not [...]
Generally, when we think about the export - import cycle, we picture international trade, ecommerce, and permanent imports. That does take up a generous bulk of the export - import activity around the globe and here at home, so it certainly isn’t an incorrect mental picture, but it’s not a [...]
Ecommerce is booming, and it doesn’t look like the online shopping momentum is about to end any time soon. Amazon, in particular, is a pack leader; the online retailer has completely changed how we think about shopping and selling. It’s such a powerhouse that Amazon’s net sales were $178 billion [...]
So, you’re thinking about contacting a customs broker. Perhaps you’re interested in becoming a Non-Resident importer, or you’re looking into importing personal goods as a resident. Maybe your business is growing to the point where handling customs is too big on your own — congratulations! — or perhaps you’re interested [...]
Well, think again. While it might not seem immediately obvious to you, especially if you’re a small importing company, customs brokers are a valuable piece to the puzzle if you want to run a smooth operation. Why? Because they’re the people who will take on the responsibility of making sure [...]
Expanding into international markets is a worthwhile business decision. There is no need to occupy a physical address in the country whose market you wish to become involved in either. By registering to become a non-resident importer (NRI), you can do all your business from the comfort of your home [...]
Gone are the days of setting up shop at a brick and mortar store down the street. If you’re starting a business, making sales can be as simple as setting up a website. It’s no secret that having an import/export business can be extremely profitable -- especially if you do [...]
It may or may not come to you as a surprise that the United States is party to many international free-trade agreements (FTAs). In fact, the US is a leader of the free-trade movement, and operates in accordance with the General Agreement on Tariffs and Trade (a legal agreement between [...]
