Eight Steps To Follow For Export
Eight Steps To Follow For Export: The businesses are still perplexed following the end of the Brexit transition period about the process for exporting goods to the EU.
Businesses, especially those that only trade with the EU should by now be aware of the rules and be working accordingly. Businesses can make customs declarations themselves or hire a third party such as a courier, freight forwarder or customs agent to do the paperwork.
Check the rules for exporting your goods.
- Get your business ready to export. This includes ensuring you have an Economic Operator Registration and Identification (EORI) number.
- Decide who will make export declarations and transport the goods
- Classify your goods.
- Prepare the invoice and other documentation for your goods.
- Get your goods through customs.
- Keep invoices and records.
An economic operator is a business or other organisation which supplies goods, works or services within the context of market operations. The term is used in public procurement to cover suppliers, contractors and service providers.
Exports are incredibly important to modern economies because they offer people and firms many more markets for their goods. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties.
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