How do you start an importing business?
First of all you need to do make your business legal by
registering your business to the appropriate government agencies
who are responsible in registering then apply for accreditation to
the customs so that you can start importing
After you get the above done, you will need to link with many factories, distributors or cooperate factories.
In fact, no Government encourage importation as it is a drainage on national exchequer by way of valuable foreign exchange. On the contrary they encourage on import substitution. If there is more import in comparison to export, then it is called adverse balance of payment which in economics is not at all welcome.But there are few compulsions where importation of crude is a necessity. So, obviously there are limitations of importing business because the Government…