Resources for International Trade
International Trade Resources and Advice
If you are unfamiliar with or have limited expertise with international trading, it might appear to be complicated. ICS Global Services is well-positioned to assist exporters and importers with their international trade strategies and overseas business expansion. Our international trade resources and guidance on a variety of topics linked to international trade include import and export, duty and taxes, shipping, and international payments. We are here to support your international trade journey with import and export advice and support regarding anything from rules of origin, customs procedures, paperwork, exploring new international markets, or finding partners.
What is International Trade?
The buying and selling of goods and services by businesses in other nations is known as international trade. Trade of this nature strengthens and expands the global economy. The commodities that are traded the most frequently are food, raw materials, clothing, machinery, and consumer goods. As a result of their free trading with the outside world, the participating countries have "open economies." As a result, they not only import goods and services from elsewhere but also export their own goods and services. The primary goal of international trade is to meet local consumer demand by utilising the goods that other nations have to offer.
In the modern world, trade between nations gives access to a greater range of goods and services.
Find out about our international trade resources, import and export advice, support, and expert guidance that could help your company become an international success.
Our International Trade Resources
Working in collaboration with our clients, we support businesses at every step of the business growth planning process as they strive to realise their goals of competing on the global market. Our international trade resources can help companies maximise their business potential and expand the reach of their products, regardless of their knowledge and experience of importing and exporting. We also support companies with identifying and resolving import and export, logistical, goods handling, fulfilment, and return issues.
We provide companies with tailored support programmes and valuable advice on import and export documentation, shipping, and customs clearance.
At ICS Global Services, we bring the knowledge, experience, and enthusiasm to help businesses considering exporting for the first time or those looking to develop their import and export offer further.
Advice on establishing an overseas business.
Using an agent, distributor, fiscal representative, or importer of record is a relatively low-risk and cost-effective way of entering a new market. Experienced agents and distributors have a wealth of local market knowledge and understand how to maximise sales in the shortest amount of time. Fiscal representatives can provide tax returns and general record-keeping. An importer of record can meet all the obligations arising from customs clearances and declarations.
There are advantages and disadvantages to using third parties. We can provide international trade resources and import and export advice to provide your company with the right solutions to your overall objectives.
Advice on Duties, Taxes and Customs
When shipping internationally, it is important to understand duties and taxes and that these may apply to your shipments. A tax levied on products entering a nation is known as a duty. Customs officers gather duties with the goal of making money and defending domestic businesses from foreign competition. The majority of goods purchased in your export market are subject to an import tax known as import VAT. Certain things, like basic food, medications, and educational materials, may not be subject to import VAT in certain nations.
The importing corporation is often the one who makes the duty and import VAT payments. Our international trade resources and import and export advice will provide your business with guidance on this matter.
Advice on Tariff / Commodity Codes
Under the harmonised system, your goods will have a unique identification number for duty, tax, and regulatory purposes that is either their commodity code, tariff code, or HTS code (in the USA). The term "harmonised system" (HS) refers to the use of uniform numbers for international import and export processes. Depending on the product, it may have up to 10 digits; the first six are universally recognised. The coding structure is hierarchical and descends to a detailed product level from the initial 2-digit level.
Our international trade resources and import and export advice will help your company navigate through the product classification process.
Advice on Customs Clearance
Customs clearance is the procedure of declaring products to customs authorities while entering or leaving a country. Individuals or businesses can do this. Products subject to customs clearance include things that are being imported or exported, as well as personal effects and commercial shipments. Ensuring that products meet all applicable import and export regulations and that all import duties, taxes, and fees are paid are the main goals of customs clearance. Businesses and individuals must provide comprehensive details about the shipment, such as its value, origin, destination, and contents, for it to clear customs.
Your business may also be required to submit supporting documentation, and our international trade resources and import and export advice will assist you with this endeavour.
Consultancy Services
We provide consulting services for our clients to offer them import and export advice and international trade resources to support their global growth. Our goal is to become our clients' go-to partner for international trade development solutions, assisting them to identify their requirements for import and export processes that will support their expansion.
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Customs Consultant
Learn moreWe can identify strategies to effectively manage your customs clearances, ensuring full compliance with customs regulations to avoid overpayments of duties and taxes.
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Business Consultant
Learn moreFor businesses looking to expand internationally, operate more efficiently, or find answers to difficulties with international trade resources, our business consulting services are crucial.
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![ICS Global Services - Import / Export Consultant]()
Import and Export Consultant
Learn moreWe provide flexible professional export and import consultancy services to reduce costs, optimise international supply chains, and ensure compliance with customs regulations.
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![ICS Global Services - Import Tax Consultant]()
Import Tax Consultant
Learn moreOur international trade resources can help you reduce your import tax costs by offering a range of effective and ethical import tax planning solutions.
International Trade Blog
Here you can read about our individual international trade projects that we have managed and see how our international trade resources have helped our clients. Our international trade case studies detail the issues identified and the import and export advice we provided.
Get in touch for international trade resources
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