Breaking Through Tariff Barriers - 5 New Strategies to Slash 15% Import Costs in 2024

Customs Duty Savings: How Smart Importers Cut Costs Without Cutting Corners

Pain Point Hook

  “Our customs duties surged 37% last year – completely eroding our profits!” – A European machinery importer

Real-World Case Study

Turkish Home Appliance Importer's Solution:

1. FTA Power Combo:Leveraged EU-Turkey Customs Union + ASEAN Preferential COO
   
   Key Move: Shifted radiator production from China to Vietnam (0% RCEP rate)

2. HS Code Reengineering:

   • Original HS: 8516.60 (12%) → Split components under 8536.69 (7%)

    

3. Results: Effective duty rate dropped from 18.7% to 9.2%, saving €420K/year