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CHAPTER III LOCATING PRODUCTS TO IMPORT

CHAPTER III LOCATING PRODUCTS TO IMPORT. Import Sources Unsolicited Offers from Foreign Suppliers Inquiries from Domestic Buyers Selection of Products to Import Selection of Foreign Suppliers. Import Sources. Foreign trade offices or consulates World Trade Centers Assn : www.wtca.org

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CHAPTER III LOCATING PRODUCTS TO IMPORT

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  1. CHAPTER III LOCATING PRODUCTS TO IMPORT • Import Sources • Unsolicited Offers from Foreign Suppliers • Inquiries from Domestic Buyers • Selection of Products to Import • Selection of Foreign Suppliers Copyright(c) 2012 Dr. Chase C. Rhee

  2. Import Sources • Foreign trade offices or consulates • World Trade Centers Assn: www.wtca.org • Foreign chambers of commerce • Trade magazines & Websites • www.globalsources.com • www.alibaba.com • www.europe.bloombiz.com • www.ec21.com • Information brokers • Port Import Export Reporting Services (PIERS) • Association of Independent Information Professionals ( AIIP) Copyright(c) 2012 Dr. Chase C. Rhee

  3. Unsolicited Offers from Foreign Suppliers When you are approached by foreign suppliers • Check if the product is new or unique • Check if the quality is good • Check if the price is workable: Retail price 4 times FOB price • Get a small number of samples for market testing Copyright(c) 2012 Dr. Chase C. Rhee

  4. Inquiries from Domestic Buyers When you are requested by domestic buyers • Check if the product can be imported from special tariff treatment countries • Make a decision based on quality, price, and delivery of the product and accountability of the exporter Copyright(c) 2012 Dr. Chase C. Rhee

  5. Selection of Products to Import • Specialization • Marketability • Supplier's Support • Enjoyment of Selling • Familiarity Copyright(c) 2012 Dr. Chase C. Rhee

  6. Selection of Foreign Suppliers • In a country with a good legal system • In a country granted a lower duty rate by the U.S. • Eager to work with an importer • Competent and honest • Financially stable • Good business references • Wiling to accept a reasonable product claim Copyright(c) 2012 Dr. Chase C. Rhee

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