Population of young people is real target of importers

It is the time for UK businessmen and traders to focus on emerging markets to secure their status after the decision of people of Britain to leave the European Union. The Huge population of Pakistan and majority of it comprises of young people with great aspirations has turned it into a good destination for English products. Centuries old relations of the two nations also encourage making these ties stronger.

Over the years, UK exports and Cargo to Pakistan from UK has been growing in volume as well as in terms of value. Experts think of this land as a growing market that has potential to host big names of European leading manufacturers. Improved law and order situation has enhanced economic condition of the average citizen, so the people here are quite capable of buying comparatively costly items. With all these, there is a good opportunity for investment as well and the companies already doing business here could expand their operations.

Valuation of goods and levying duties on the cargo containers

Freight Forwarding companies working on airports and on seaports are well aware of updated requirements of documentation so they provide full guidance to the persons interested in exporting to Pakistan. The exporters also need to inform the local authorities and declare the value of cargo containers so that taxation can be calculated accurately.

But no additional export tax has been levied by the authorities to push the trading activity. Goods that can be used for military purposes are not allowed to be traded and other things are usually freely sent. On the other hand, Pakistan has imposed a number of taxes to protect the local manufacturers. Rates of these duties vary and determined by the customs department.

A better way to start exporting to Pakistan

Before starting your export to this part of the world, it is necessary to come across the people and establish relations. It would be better for understanding the ground realities as well as the contemporary rules devised by the authorities for foreigners. The help of UK-Pakistan Business Council and other such organisations could have been asked to arrange meetings with counterparts.

As there are local and other international brands are already present so the new exporters need to compete them. Big cities are usually fraught with middle class so to introduce something new are considered the best places.

Database is available for accurate information about a region

For certain products, duty rates are quite high but average customs duty is round about 35%. This needs to be paid before releasing the container from the port warehouse. Even before that for every category or particular product a four or six digit code that suggest the rate of custom going to be levied. For the assistance of the exporters, a free tool of the database has been offered by European authority to obtain all the basic information regarding the trading activity. These steps taken by authorities on both sides to enhance the business volume are laying the foundation for the future of economic relations between the two Commonwealth countries.