Most residential building materials can now be imported into New Zealand duty-free as a result of a new tariff concession scheme recently announced by the Government.
Parallel imported goods are genuine branded products that are imported into New Zealand (or other countries) and sold within that market without the brand’s owner consent.
How do the goods of the world travel from one place to another? Despite technological advancements and the propagation of a globalized economy, a surprising 90% of everything still comes and goes on a ship by sea.
Finding the right supplier for your product idea may prove challenging. If possible, you should find one that you like working with, and they should also provide you with a quality product at a fair price.
Here are the steps involved in finding a supplier, and some of the many considerations you will have to navigate along the way.
The IMF (International Monetary Fund) data indicate a continued rise in the proportion of the global GDP accounted for by Asia. The Asian region almost doubles in importance in the 40-year period to 2020, rising from 18.3 percent of the global economy in 1980 to 30.8 percent in 2020.
There are several rules that could impact your importing, and it is vital to know what procedures you need to follow in order to ensure timely and safe delivery of your goods.
There are some harsh lessons sometimes handed out in business. A good case was reported in the Shipping Gazette™ of a cargo owner with a shipment on board the ill-fated cargo vessel Rena.
To pay for the freight of a consignment of export goods from Napier port that gets as far as the Bay of Plenty and ends up on the seafloor, seems to incur a triple slap in the face.
Thinking about importing goods into NZ? Perhaps you can access better prices or superior quality overseas? Or maybe you’ve identified a market for goods that just can’t be sourced locally?
But importing into NZ is more complicated than it may seem at first. The risks are significant if you don’t know what you’re doing. To give your venture the best chance of success, it’s best to learn the risks before you start such business.
A dangerous and highly effective new online scam is affecting New Zealand importers. The scam has already left several Kiwi businesses severely out of pocket, with some businesses losing deposits of over USD 250,000 to scammers.
As an importer or exporter, you’re no doubt always on the lookout for ways to save your money. But there’s one place you shouldn’t be skimping on, and that’s cargo insurance.