The third step in the importing process is to decide a foreign
source of the product you wish to import. Determining the source of
your imported goods can vary due to product differentiation. Some
importers will be able to make use of the Free Trade Area
arrangements that make importing from countries like Mexico
and Canada tariff free.
Researching online trade lead listings can often lead to foreign
sources of products required to import. Traveling can spur importing
ideas and also identify potential foreign sellers.
The following trade lead sites map out which country may be
exporting a particular product which can help you determine the
‘source’ country. When researching ‘offers to sell’ trade leads
make sure you find out all you can about the foreign exporter to
properly qualify them for future business.
Trade lead
qualification:
Ask for banking
references
Obtain business
references
Evaluate
company’s web site and company infrastructure
Be wary of those
exporters who do not have any tangible evidence that they have a
record of success. You can also use various trade promotion centers
such as the TradePort Service Centers in California
http://www.tradeport.org/assistance_centers/index.html to assist
you when qualifying trade leads.
Alibaba, at
www.alibaba.com is a fee based global link for exporters
looking to advertise their products, locate buyers and verify
trade leads.
The American Chamber
of Commerce at
www.amcham.org has offices throughout the world that act as
helpful tools for making contacts and accessing governmental
advice for your specific country of interest.
An excellent source
for researching background and industry analysis for a particular
country is
www.worldtraderef.com
The Global Trade and
Technology Network is a U.S. Agency for International Development
(USAID) sponsored website with qualified trade leads from
developing countries.
www.usgtn.net
The BuyUSA website
is a directory of online trade leads and business opportunities
published by the U.S. Foreign Commercial Service of the USDOC
www.buyusa.gov