Saving Time and Money on Your Imports: Partner with a Licensed Customs Broker
Even though Australia is a net exporter of goods and has a positive trade balance, it’s important to note that our nation imports well over $180 billion of merchandise each year. This means that transnational goods represent a pivotal, fundamental aspect of our economy.
In this regard, the decision to import raw materials, components, and other forms of stock can allow you to achieve long-term sustainability and unprecedented success. However, it’s in your best interests to first weigh the potential benefits against the prospective risks. This brief write-up will help you do just that.
The Advantages of Importing Versus Domestic Sourcing
Roughly 70% of Australia’s most interdependent suppliers are actually located in the Asia Pacific territory, which provides a unique geographical opportunity that the Americas and European countries don’t necessarily have access to. Thus, before we address exactly how to import products into Australia, you have to understand why international sourcing is so rewarding nowadays:
- High quality goods and materials that are manufactured to exacting standards
- Exclusive assortment of products that are only fabricated in a select number of countries in the world
- Significant reduction in overhead expenditures due to the lower wage rates and extensive production infrastructure in Asian countries
- Well-established shipping routes that have been delivering consistent logistical support for many decades, enabling you to rely on a dependable resource from month-to-month
- Predictable price points with anticipatable fluctuations irrespective of your industry or niche
As such, it’s easy to see that importing your necessities will allow you attain a competitive edge and normalise your bottom line, but there are several steps you have to take in order to lawfully and economically bring imports into Australia.
Why Do I Need a Licensed Customs Broker?
Before you can begin expanding and growing with a personalised import strategy, you have to tackle a myriad of issues, ranging from current tariffs and packing declarations all the way to treatment certificates, regulatory rules, and import duty rates in Australia. With this notion in mind, it’s worth mentioning that today’s licensed customs brokers can provide dexterous, cost-effective assistance with the entire process:
- Instruct you on up-to-date import procedures
- Arrange the permits and authorisations that you need
- Ensure that your goods are quality-checked and permissible according to state requirements
- Properly categorise and classify your shipments to mitigate your tax exposure
- Offer even-handed, unbiased advice based on your unique operating matrix
- Facilitate paperwork obligations and documentation on your behalf
- Deliver in-depth consulting services that can slash your costs and fees
You owe it to yourself to contact a reputable Australian import specialist before you place your next domestic purchase order. At the very least, you’ll have an opportunity to obtain professional answers to any questions you might have, and you’ll gain instant access to first-rate support with regard to your commercial future.