Why do European companies decide to import goods? Instead of producing it yourself.

Because it is convenient to buy directly. The wages of local workers in Europe are high, and the prices of products produced are not as cheap as those in other countries. It is more cost-effective to buy products from other countries directly.

Further reading

Procedures for European enterprises to import goods from China;

Inquiry to domestic factories-negotiation-payment of corresponding deposit-ordering-production-inspection-shipment-transportation, customs declaration and export-boarding (or express delivery, air transport to Europe)-provision of bill of lading-payment by customers-going to foreign ports (or airports)-customs clearance for import-taking delivery!

Food import declaration tax rate

1: food import tariff 10%-35%: import tariff = CIF × import tariff rate.

2. Food import VAT 17%: VAT amount =(CIF+ import tax+consumption tax) × VAT rate (depending on the actual products, some products are 13% such as honey).

3. Consumption tax 10%: consumption tax amount = ((CIF+tariff)/1- consumption tax rate) x consumption tax rate (depending on the actual product, some products such as red wine have consumption tax.

The goods declared for import by the company are:

Pre-packaged food declaration form, etc. : (wine, food, nuts and dried fruits, condiments, drinks, coffee, honey, biscuits, enzymes, snacks.

Canned food, mineral water, jam, jelly, etc. );

Personal goods declaration agent: (tourism purchasing goods, international express delivery (fedex.ups.dhl.ems.tnt), articles carried by passengers, etc. )

General commodity declaration: (luxury goods, kitchenware and tableware, 3c agents, fabrics and clothing, shoes, cleaning products, furniture, office stationery,

Amber, cosmetics, decorations, sporting goods, decorative materials, plastic products, musical instruments, toys, etc. )

Electronics/auto parts/instruments, etc. : (Instrument accessories; Electronic components, computer parts, automobile parts, digital parts, mechanical instruments, motorcycles.

Accessories, bicycles, communication accessories, etc. );

Art import agent: (antiques, oil paintings, sculptures, stamps, collectibles, porcelain, auctions, etc. );

Import declaration of mechanical equipment: (machine tools, transformers, engines, casting equipment, instruments and meters, bearings, medical equipment, production equipment, etc.). )

Import declaration of sanitary products: (diapers, wet tissues, sanitary napkins, pacifier bottles, etc. );

Import customs clearance of chemical products: (chemicals, paints, chemical reagents, dangerous goods, plastic particles, etc. );

Handicraft declaration agent: (woodcarving, ceramics, lacquerware, jade, crystal, bronze bell, etc. );

Paper products import declaration category: (wood pulp declaration, books, posters, atlas, copy paper, printed matter, etc. );

Metal; Base metal products: (mechanical parts, equipment parts, aluminum alloy products, hardware products, etc. );