Bilateral trade between China and Chile has grown significantly in recent years, driven mainly by the Free Trade Agreement (Chile-China FTA), in force since October 1, 2006. This agreement has made China Chile's largest trading partner, with exports of US$38,447 million in 2022, mainly in copper ores, fresh sweet cherries and refined copper cathodes. In turn, China's imports to Chile totaled US$24.146 billion, including imported products such as smart phones, passenger cars and data processing equipment.
1. Selecting Suppliers from China
To choose a reliable supplier from China, evaluate the following aspects:
Experience: The supplier should have a solid commercial track record.
Reputation: Research references from current customers for opinions and satisfaction.
Product Quality: Make sure the supplier guarantees high quality products.
Price: Look for suppliers willing to negotiate prices and offer discounts for bulk purchases.
2. Selecting Mode of Transportation to Import
Ocean:
Greater transport capacity, competitive cost, resistance to weather conditions and variety of transportable products.
For low-volume imports to Chile from China, Less than Container Load (LCL) freight is an economical option. It allows sharing a container with goods from other importers, optimizing costs and space.
Disadvantages: Complex procedures and longer transit times.
Air:
Advantages: Speed in transit, lower risk of theft or loss, and simpler formalities.
Disadvantages: High costs and limited cargo capacity.
Quality verification at origin consists of inspecting goods prior to shipment, ensuring compliance with standards and accuracy of documentation. This process helps to avoid unforeseen expenses, such as additional storage or delays.
4. Rules, Customs Documentation and Taxes for Importing to Chile
To import to Chile from China without inconveniences, it is essential to comply with import taxes, VAT, customs tariff, the role of Authorized Economic Operator (AEO), and the Single Customs Declaration and to present the required customs documentation:
Commercial Invoice: Details the goods, means of transport, payment terms, prices and quantities.
Certificate of Origin: This document certifies the origin of the products and allows access to tariff preferences under the FTA.
Transport Document: It certifies the means of transport used for the shipment (sea, air or land).
Import Taxes to Chile: To import to Chile it is necessary to comply with the payment of taxes (VAT), customs duties (Ad Valorem), specific taxes such as on alcohol, tobacco and vehicles, calculated on the value of the goods and the costs of transportation and insurance, as well as Chilean sanitary and phytosanitary requirements.
5. Freight Insurance for Importing from China to Chile
It is advisable to contract a transport insurance that covers possible damages to the goods and the container during the transportation. It is also advisable to consider a civil liability insurance to cover any damage to third parties.
6. Packing and Labeling
Proper packaging protects the merchandise, ensures that it complies with the conditions of transport and professionally represents your company. In addition, it is important to verify the labeling policies in force in Chile.
7. Consulting with SPARX Logistics
SPARX offers customized international logistics services for exporters and importers between China and Chile. We manage and coordinate all logistic operations, optimizing routes, prices and means of transportation. Our knowledge of the market allows us to reduce costs and time, as well as to comply with international regulations in an efficient way.
Contact us to optimize your supply chain https://www.sparxlogistics.com/es/contact
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