Mexico has become one of the largest U.S. trade partners. Because of this, many businesses are considering doing business in Mexico, particularly as suppliers and product manufacturers for U.S. businesses. After accumulating a whopping $611 billion in trade through last year, it’s no secret that U.S. businesses have already jumped onto the opportunity. So what exactly does it take to import from Mexico? It’s extremely important for importers to know the rules and regulations ahead of time before jumping into the opportunity to do business with Mexico.
Thinking about importing from Vietnam? If you’re from the U.S., you’re far from the only one. Vietnam has become a major trading partner with the United States and is known for importing many types of clothing, shoes, and furniture. In order to start the process of importing from Vietnam, it’s crucial to cover a few essential bases before you can start receiving freight. Failure to do so could lead to serious fines in terms of non-compliance.
If you’re considering importing goods from India, you may be making an excellent choice. Indian economy is quickly booming and with such a massive population is one of the largest trading countries in the world. Among their main exports, you will find organic chemicals, precious stones, and electronic goods. Not dissimilar from China, the costs of manufacturing for foreign companies are relatively low when compared to other countries. Also, duties when importing from India are fairly low, though the United States does not have a trade deal with the country, which could mean more duties/taxes when importing from India.
One can give their business a serious push through using the United States as a sort of launchpad into new beneficial markets. However, the process of how to import from the United States is not without its intensive regulations, costs, and processes. In order to build an import campaign that suits your home country and the United States’ regulations, a bit of research is necessary. It’s not incredibly difficult, however.
Are you interested in learning how to import goods from China? There are plenty of ways to do so, such as via ocean freight or air freight. Importing from China is a popular option for many businesses abroad, but one can not jump into international trade without first understanding how to ensure a successful China import campaign. You may be wondering, “Do I need a license for importing from China?
The United Arab Emirate is a melting pot of various interesting economic activities from tourism to oil production and plenty of other services in between. This country was once, not so very long ago, considered a backwater by many who have now become key allies in trade and commerce with them. The secret to the UAE’s success in the region and globally has been diversification in their economic endeavors so that they are not wholly reliant on just one aspect of their natural endowments.
The UAE is a major trading partner with the USA in the Middle East region because of its history of stability and economic development. The trade between the two countries has been lucrative with exports from the US to the United Arab Emirates reaching over 22 billion. As trusting trading partners the two countries have found themselves also taking other partnership steps in military support and infrastructure growth in the region.
In 2018, the Kingdom of Saudi Arabia was the 28th biggest export destination for the United States with $22.4 billion in goods and services. According to the United States Trade Representative Office, the Saudis were the US’s 22nd largest trading partner in 2018 and the Department of Commerce says that exportation of goods and services to Saudi Arabia supports over 160 thousand jobs. The top exports to the Saudi Arabian market from the US include vehicles, machinery and equipment, weapons and ammunition and foodstuff.
The Philippines is strategically placed in the South China sea and the Pacific to make it a strategic trade partner with the United States. Apart from trade relations the two countries enjoy excellent military partnerships with the US setting up Naval bases in Subic and other places in the past and currently. The United States considers the Philippines a strong Non NATO ally and there are an estimated four million citizens of America with Philippine ancestry and over 200,000 US citizens in the Philippines.
The United States is the chief trading partner to the Honduras republic. Their bilateral trade relations have been mutually beneficial to both countries with the US exporting $5 billion worth of goods to Honduras and the Honduras exporting $4.6 billion to the United States. Both countries also enjoy military collaborations with the US having a military joint task force headquartered at the Santo Cano Air Base. The United States heavily invests in manufacturing, infrastructure construction, textiles, and general commerce to the tune of over $1 billion.