If you are willing to know the essential steps of how to import from China to Canada, then, you have come to the right page. Later, this article will tackle the ins and outs of this kind of trade. It has been a hot topic recently among several entrepreneurs. These businessmen include from countries that play major roles in the worldwide economy, as they believed that importing Chinese products to be sold at the local market promises maximum profits.

Well, China is known for its low-cost products. Thats why many businessmen import from this country. Chinas low trading value reflects its low cost of living. So, whether you are a retailer, wholesaler, or distributor, learning this kind of trade can be the best way to expand your profit margin. Nowadays, theres other country that comes close to China as it offers that lowest price possible with the same quality as elsewhere.

For those who are just starting to get into this business, there are some things that they have to consider and they are the following:

-Identifying the target market before even placing an order. You might even conduct a market research with this. See to it that such market has the opportunity for growth in the future as this will eventually direct you to the goods which you will be importing.

-Meanwhile, identifying your product requirements is also important so that your supplier will have a clear understanding of what you really want and need.

-In order to receive the goods safely and on time, try to hire a good freight forwarding company.

-To know and calculate the overall cost of your import business, determine your customs duty first. Take note that Canada differs significantly from US regarding this matter. Thus, it is essential to know this subject matter beforehand. Some of the details will be discussed below.

Keep in mind that Canada and the US have a lot of things in common, but their business practices differ. Each of these countries has their own unique way of regulating their international trade.

All of the three government levels in Canada namely the federal, provincial and municipal departments, have their corresponding responsibility in regulating their import industry. Each of these departments has a designated process regarding the international trade. They are as follows:

-The Administration of Investment Canada Act which aims to control investment from foreign investors is being supervised by the Department of Foreign Affairs and International Trade and Industry of Canada.

-The designation as well as the collection of taxes and duties on the imported goods is under the responsibility of Revenue, Customs and Excise Canada.

-Whereas, illegal or fraudulent trading practices will fall under the Canadian International Trade Tribunal.

In general, the major importing procedures of Canada are almost the same with any other country, although it has certain protocols that are being handled by various groups of people. Some of the common import processes include the customs inspection once the goods arrive at the countrys port. Then, the importers are also required to file a bill of entry. A certain amount of duty and taxes must be paid accordingly as well. Lastly, if there are any issues regarding the shipment, the importer must settle it.