This follows a journey from a Market overview allowing a map and graphical representation of the trade between the two countries, Access requirements, a way to navigate around the tariffs and regulatory issues and finally, there is help to identify partners.
The journey as always starts with knowing the Tariff code or commodity code that relates to your product in this case we’ve used 691110 which is tableware. We have chosen the option of importing from China so
From here we can look at the Trade Map for this product 691110 – and we can explore the other importers and the scale on which they are importing. This begins to highlight where opportunities sit and any areas of saturation. Depending on the size of your operation depends on how this information is used. For example, a large company looking at a saturated market may see an opportunity to use penetration pricing to buy market share and begin to dominate the space occupied by others currently whereas a small operator will either a chance to develop a niche product offering or a warning that the market is too well serviced, and it might be better to look for other, easier, opportunities.
The graphical representation helps to show the shape of the supply across the world:
And finally, in the shape of a Trade Map shown in percentage terms.
The next section is the Access Requirements and here you can find out about the tariff requirements and if there are any quotas or sanctions applied to the product.
Navigate Trade Procedures – covers martket of origin regulations – (see notes on Rules of Origin and how to use Free Trade Agreements) as you can see there are 9 export restrictions so this is beginning to sho wyou the complexity of this product category and that careful research is needed to create the appropriate guide and report on this product in terms of world trade.
You will also find Trade Entry Point for each market, here you will see that www.gov.uk is shown as a source of information about importing this product.
Issues around Intellectual Property and the possible infringement of these rights in the new market you’ve chosen.
This takes us to the last stage on the Global Trade Helpdesk the search for trading partners.
This document is designed to encourage you to seek more information and to realise how powerful trade information is and where the trade flows, once understood this can lead you to find better and more sustainable markets.
Enjoy using these tools.
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