3-minute read (4-minute listen)
Brian Gaynor Radio NZ host: New Zealand retailers say they will challenge the new government to pick up a plan the previous one left dangling, to collect GST on lower value imported goods.
Retail New Zealand says the government is doing itself out of an estimated $235 million a year in GST revenue when there’s a simple solution. Here’s Tracy Neal.
1-minute read (20-minute watch)
6-minute read (9-minute listen)
The boom in global trade was caused by a simple steel box. Shipping goods around the world was – for many centuries – expensive, risky and time-consuming. But, as Tim Harford explains, 60 years ago the trucking entrepreneur Malcolm McLean changed all that by selling the idea of container shipping to the US military.
Guyon Espiner: New Zealand First is suggesting to move the Ports of Auckland to Northland. This has been met with some scepticism, particularly from the National Party. We had Simon Bridges on the program a little earlier.
Labour’s Phil Twyford was also unwilling to commit the Labour Party to the move. Let’s talk now, though, to a shipping industry commentator, Dave MacIntyre. Good morning to you, Dave!
1. Can you deliver?
Part of securing export orders is making sure you can deliver. Many Kiwi exporters have underestimated the volume opportunity they encounter overseas. Similar issues arise for NZ importers.
Before anyone from your business travels overseas prospecting for business, give some thought to what might happen if your export quest does succeed. In particular, do you have the resources and capacity to deliver?
Trading rules and regulations vary from country to country and import legislation can be both complicated and confusing.
Gaining a clear understanding of your obligations makes sound business sense, but because regulations can be complicated, we recommend you use professionals to help manage the process.
MINIMISING THE FINANCIAL RISK
Finance is obviously fundamental when exporting & importing: you want to be paid quickly and without complications. Here are some factors to cover.
1. Credit checks
When you receive your first order, it is important to conduct the same credit checks as you would with any new customer in New Zealand.
(This is the interview with Richie Norton by Pat Flynn from Smart Passive Income).
This month, I’m learning everything I can about the world of physical products: how to create my own, how to validate them, how to find the perfect manufacturer, and how to get them in the hands of my customers.
Reporter: Lisa Wilson is on the line with me now. Good day, Lisa.
Lisa Wilson: How are you doing?
Reporter: Hey, now look just for a start. So customs held up your shipment because it contained Weetabix. Is that correct?-->