Sources of International Trade Information

Trading companies – although not an information source per se – possess high levels of country-specific knowledge of import/export procedures, documentation, customs processes, and tariffs etc. If outsourcing export/import is unduly costly, a third party firm can simplify the process.

If a company lacks in-house export or import expertise, it has a variety of options. Government and customs websites of the originating and receiving countries should be accessed. The necessary documentation should be downloaded, completed, and copies filed. First time or novel imports or exports must be checked for legality, tariffs, and any special customs requirements. Freight forwarders and courier firms can provide a cost effective and time-saving service. Firms that are heavily involved in import and export should dedicate resources (such as expertise and visibility systems). Infrequent exporters or importers may consider use of a third party agent or customs broker, especially if the country concerned operates complex or financially penalizing customs procedures.

The following table lists major organisations and informational resources likely to be useful to British companies trading internationally.

Major Organisations and Informational Resources For International Business and Freight