Steps to export

Actividad de aprendizaje 15 Evidencia 8

Estudiante Jhon Edison Ramírez

SENA
Bogotá., 2020
 ITALIAN TRADE

INTRODUCTION

Italy is ranked number 8 in the ranking of the world's largest

importers. Italy's main trading partners are the European Union
(mainly Germany, France, the United Kingdom and Spain), and the
United States and Switzerland. Its main imports are cars, crude oil,
packaged medicines, and petroleum gas.
This country consumes wood and rustic furniture, but the
production of teak wood, the most attractive for that market, is
only enough to supply the internal demand in Colombia. As for
rustic furniture, Colombia is strong in production.
 ITALIAN TRADE

WHY EXPORT?

• Diversify products and markets to face international competition

and the situation of the national economy.

• Gain competitiveness through the acquisition of technology,

know-how and managerial capacity obtained in the market.

• Make strategic alliances with foreign companies to reduce costs,

improve efficiency and diversify products.

• Reduce the risk of being in a single market.

 ITALIAN TRADE

WHY EXPORT?

• Sell higher volumes to use the company's productive capacity

and make economies of scale.

• Take advantage of comparative advantages and expanded

market opportunities through preferential agreements.

• Need to get involved in the world market due to the

globalization of the economy.

• Seek greater profitability in international markets and ensure

the existence of the company in the long term.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The first thing is that the exporting company must be registered in

the Single Tax Registry (RUT), this registration is made in DIAN.
This means that it assumes tax responsibilities, paying for example
withholding invoices, IVA, declarations, etc.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The second step is the tariff classification of the product, this serves
to know if the country to which it is going to export charges for the
importation of products. It is important that this classification is
verified every 4 years since the trade is very varied and they create
new products that need reclassification.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The third step is to request the approval of the regulatory entities
for the product if it requires it. For example, the ICA is in charge of
giving the go-ahead to agricultural and animal products, INVIMA is
in charge of verifying medicines, etc.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The fourth step is the INCOTERMS International Negotiation

Agreements, to stipulate costs, delivery points, documentation, etc.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The fifth step is the registration with the Single Window of Foreign
Trade VUCE, this is being promoted in order to exchange
information, eliminate redundancy of procedures, implement
efficient controls and promote transparent administrative updates.
 ITALIAN TRADE

HOW TO EXPORT
(Procolombia, 2020)
The sixth step is the
certification of origin of
the product if necessary.
This document is
obtained in order to
benefit from the tariff
preferences established in
the different Trade
Agreements signed by
Colombia.
 ITALIAN TRADE

HOW TO EXPORT (Procolombia, 2020)

The seventh step is the process for refunding currencies. The buyer
pays the American dollar in American currency, then converts to
the Colombian peso. This should be done at the bank you trust.
¡THANKS FOR YOUR

ATTENTION!