Import-export in EU
Imports and exports are the European economy’s competitive driver that often affects the global economy. There is a tremendous opportunity for European countries to purchase products from across the globe. European market attendance offers local companies the opportunity of access to a large number of customers, growth possibilities, the use of a broad variety of resources, technology advances and infinite choices.
For non-EU countries, the European economy is accessible and flexible. Unified trading legislation in the EU ensures that the import of items into one European country usually encourages industry to grow elsewhere, saving a lot of time, costs and paperwork. That is why it is a perfect chance for companies to join the European business sector. The free movement of products and services under European law enables the freedom of movement of goods, citizens, innovation and invention for transmission. This assumes that most products can travel easily without additional costs or quantitative limits on this region.
You can take advantage of the EU market and also of certain trade agreements with certain European countries by setting up business trading in Europe. However, additional regulations apply on other products, such as excise goods and chemicals. Based of the kind of place to which the products are being transported, various VAT duties exist. This is the explanation that you have to guarantee that your items satisfy EU health and animal health, the environmental and customer protection standards before placing goods on the EU market. In the EU or those controlled within each EU region, but recognised by the EU, the standards and requirements can be coordinated. You have various VAT obligations if the company is located in the EU, depending on whether you purchase or buy and what products or services you trade. You don’t owe VAT if you export products to consumers abroad.
The standard of European products is good due as many products are designed and manufactured between A and Z in European countries.
Benefits of export – import in EU
Transmission of ideas
Transmission of innovations and technology
Free flow of products and services
Free movement of employees
Easy and fast transport
Unified green policy in all EU countries
Strategic & tactical planning
Guidelines for export – import in EU
● Follow the trade policy and country specific requirements
● Get know about the necessary product certifications
● Get know what your product has to meet legally
● Cooperate with local suppliers and storages
● Cooperate with local transport companies
● Use the local manpower
Planning and strategy
You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.
Strategic plan development
Beyond the business plan
Europe is the world biggest important with about 33% of the world total imports. About 65% of the EU imports are easy products and raw materials as textiles, garment, food products. Another significant product area is technology and electronic products.
Export – import between countries inside EU does not require air transport. Trucks, cars, trains and ships can be used what helps to reduce costs of transport. What is more, one storage can cover your needs for a few countries, you can easily organise transport to other locations
Unified trade law in EU means that importing and exporting goods to one of the European countries usually allows to expend business activity to other locations, which saves a lot of effort, expenses and bureaucracy.