FTA (Free Trade Agreements)
Free Trade Agreements (FTAs) ease movement of goods/products between countries participating in a FTA.
One important advantage from FTA is it lowers import taxes on products made in FTA countries. Businesses with these products enjoy lower import taxes and are more cost competitive. With that advantage they can enter a new market, or to expand into existing markets.
We have helped businesses use FTA especially in Asia. The most difficult part in deciding to use FTA is evaluation. This means making sense of whether the benefits for using FTA is significant.
If you wish to explore how FTAs can help you in Asia. Email us the following:
- HS Code of your top 5 selling products.
- Country of production and top 3 destinations.
- Annual expected sales quantity or actual quantity sold.
We will do up an initial benefits summary for you. This allows you to assess if FTA implementation is suitable for your business. If you can’t decide yet, do read more below.
