Customs Duties and Cost Management in Trade with Third Countries

These steps help reduce costs and ensure smoother operations.

When Turkish companies trade with third countries, there are several challenges that can make business complicated and expensive. One of the main problems is customs duties and different tariff rates. Each country has its own rules about taxes on different products. This can make costs unpredictable and planning very difficult. For example, in textile exports from Turkey to China, some products may have a 5% tax while others may have a 20% tax.

Using OKSB (Approved Person Status Certificate) and DİİB (Inward Processing Authorization) can help companies speed up customs procedures and reduce guarantee costs. These certificates make the customs process faster and more predictable.

Another tool is transshipment, which means sending goods through a third country. Transshipment can sometimes reduce taxes and make logistics easier.

Logistics and shipping are another important part of trade. Long distances, busy ports, or transport delays can slow down deliveries.

For example, a container with machines exported to Germany may have to wait for a week at a port because of congestion. Companies can solve this problem by using alternative ports or transit routes and planning logistics carefully in advance.

Another challenge is country-specific regulations and certificate requirements. Each country may ask for different documents or certifications.

For example, exporting food to the USA requires an FDA certificate. If this certificate is missing, the shipment cannot leave. Companies should always check the regulations of the country they export to and prepare the necessary certificates in advance.

Finally, currency fluctuations can affect costs and prices.

For example, if the exchange rate changes quickly, the cost of export products can increase, and agreements with customers may be affected. Companies can reduce this risk by using fixed exchange agreements, deferred payment options, or hedging tools.

In summary, to succeed in trade with third countries from Turkey, companies should:

** Use OKSB (Approved Person Status Certificate) and DİİB (Inward Processing Authorization) to make customs faster and reduce guarantee costs.

** Plan logistics carefully and consider alternative ports or transit routes.

** Check the regulations and certificate requirements of the importing country in advance.

** Manage financial risks caused by currency fluctuations.

By following these steps, companies can reduce costs, avoid delays, and make international trade smoother and more predictable.