Export Trading Company
An export trading company (ETC) is a firm that buys domestic products for sale overseas. A trading company takes title to the goods; an export-management company usually does not.
ETCs were created in the early 1980s as a way to circumvent the U.S. Export Administration Act, which restricted exports of certain items for national security reasons. The ETC structure allowed companies to get around these restrictions by pooling resources and sharing information about potential customers and markets.
Since then, ETCs have become an important part of the global economy, helping to connect buyers and sellers of goods and services all over the world. There are now thousands of ETCs operating in every major country and region.
- ETCs can be helpful for companies that want to export but do not have the resources or knowledge to do so on their own.
- ETCs can also be useful for companies that want to enter new markets but do not have the time or expertise to find the right partners and customers.
If you are considering using an ETC, it is important to choose one that is reputable and has experience in your industry and market. You should also make sure that you understand the terms of the agreement and are comfortable with the fees charged by the ETC.
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