Importing and exporting are critical movements for a country’s international trade. Importing is the movement of goods and services from abroad to a domestic buyer while exporting is the sale of goods and services to foreign buyers.
Any company engaged in foreign trade must know the essential documents, whether exporting or importing products and merchandise. These export and import documents are the same because the seller must provide them to the buyer during an international sale. However, imports are the set of goods, products, services, and raw materials from another country that arrive at customs as part of the import process of a company or importer. “The main documents that the exporter must provide to the importer are the commercial invoice, the list of contents, the certificate of origin, and the transport documents.”
Importation is the action of buying, acquiring, and transferring merchandise, products or services from another country or market to the national territory. It is an action that entails a record of the Balance of Payments of the Ministry of Economy to observe our country’s economic behavior.
What Documentation Is Necessary To Export?
- Proforma invoice
- commercial invoice
- packing list
- Single Export Administrative Document (DUA)
- Certificate of origin
- transport documents
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