since the introduction of market purchase trade mode, it has opened a new international trade channel for market entities, bringing more vitality to foreign companies’ cross-border businesses in china.
on nov 15th, the third session market purchase lecture, themed opening new trade mode, kicks off at hacos main conference room. the purpose of the lecture is to better serve foreign business owners and foreign senior managers in business activities.
harvey, the ceo of hacos, was giving a lecture
what is the market purchase trade?
the market procurement trade refers to a mode of trade in which qualified business operators purchase goods valued at 50,000 to 150,000 usd (including 150,000 usd) within the market designated by the state commercial authorities and complete export commodity clearance procedures at the place of purchase.
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when it comes to the export trade problems for foreign entrepreneurs, harvey introduced three common market purchase trading modes in detail, general trading, tourism trading, and market purchase, promoting a better understanding in chinese trading policy and the differences of trading modes for foreigners who do foreign trading business in china.
how the market purchase trade can benefit your company?
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ensure the validity of the account and collecting foreign exchange in a safe and lawful way.
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reduce dependency on hk accounts or nra accounts when collecting foreign exchange.
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regular customs declaration and simple settlement only with formal invoices and bills of lading.
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vat invoice is not required and tax exempted by the government.
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the market purchase trading mode is largely encouraged by the chinese government.
problems you may meet in export trade
how to deliver goods without import & export qualification?
abc bank account in china is closed and the payment cannot be made, what’s the solution?
hong kong hsbc account is closed by the bank, how to continue your import and export trade?
how to export goods without factory invoice?
for all these above-mentioned questions, harvey offered detailed solutions and practical suggestions patiently to foreign entrepreneurs.
as a new form of trade, the market purchase trade is greatly supported by the chinese government who has already rolled out many favorable policies for it. please don’t hesitate to consult hacos if you have any questions on market purchase trade.
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