Trade Item Management
|Access required agency information (e.g. HS Code, Chinese description, Customs U/M, etc.)|
|Adhere to government agency import and export regulations|
|Meet all company and facility import and export rules|
|Customize KPIs and exception alerts|
China International Trading Support
|Meet all General Trade and Processing Trade guidelines for incoming, outgoing, and after-sales services|
|Manage all bonded materials for contract manufacturing, toll manufacturing, and further domestic processing|
|Import or create shipment invoice|
|Track all shipment expenses|
|Convert ERP shipment information to Customs invoice|
|Automate Customs manifest creation based on agency regulations and company rules|
|Convert Customs manifest to Customs declarations|
|Update service provider status|
Tax and Cost Management
|Calculate and confirm accurate tariffs|
|Verify and allocate costs|
|Analyze Free Trade Agreements|
China Trade Management
Issues and Challenges
Conducting international trade within China can be difficult and complex which holds true for most international sourcing and manufacturing destinations. China's General and Processing Trade regulatory challenges can vary by region and are challenging to navigate. While the central government provides a framework for importers and exporters to conduct business, challenges easily result from regional and local governments implementing various controls. Complicating the issue further is the autonomy that a Customs official has at the port of entry. Regulations in China can change instantly and extend lead times and variability within a company's supply chain. Unlike a number of countries, China has yet to deploy mechanisms for posting information in advance. Instead, a loose network of regulatory bodies exists across the country. A company that is more familiar with a structured and relatively standardized regulatory environment easily discovers that minimal advance notice of regulatory changes dramatically affects product distribution.
In addition, it is important for companies engaging in import and export activities in China to take into account all components of the supply chain. With China being an attractive location for sourcing and manufacturing goods, it's crucial to understand the impact of cross-border documentation, licensing requirements, and compliance with local regulations on supply chain performance.
How Amber Road Can Help
Amber Road’s China Trade Management solution enables companies to automate import and export processes for China operations. This allows companies to meet China compliance requirements for General and Processing Trade, reduce costs and improve supply chain efficiencies.
The Amber Road solution is a web-based on-demand solution that is deployed rapidly and cost-effectively. It provides timely regulatory updates to ensure uninterrupted import and export operations as China makes frequent regulatory changes to support economic growth.
Free trade agreements such as NAFTA, CAFTA and others represent an attractive opportunity for exporters to grow their business overseas by making their products more affordable in growing markets. And for importers, FTAs allow them to dramatically lower the duties and taxes they pay.
Today there are more than 500 free or preferential agreements around the world for companies to use.
“China Trade Management was deployed in record time to fill a critical compliance deficiency while enhancing our global supply chain capabilities at the same time.”
Fortune 500 Customer
Did You Know? Interesting Stats on China-Europe Trade
Both the European Union and China are two of the largest traders in the world. China is now Europe's second largest trading partner behind the United States. Did you know that a third of global economic growth is expected to be generated in China? Learn more facts by watching our video.