The Importance of Imports

North & Western Lancashire Chamber invite you to our event to discuss why Importing is important to your company.

A high level of imports indicates robust domestic demand and a growing economy. If these imports are mainly productive assets, such as machinery and equipment, this is even more favourable for a country since productive assets will improve the economy’s productivity over the long run.

There are many benefits to choosing a supplier from overseas.
• Cheaper goods
Lower labour costs or tax advantages may reduce the price of particular products in some countries, even after transport costs.
• Higher-quality finished products
Every country has specialist skills and strengths. If you want to sell superior goods, sometimes it’s best to import them.
• Traditional skills
Some cultures have retained traditional crafts and skills that are hard to replicate.
• Original products and raw materials
Originality and authenticity are important in some markets. Also, some raw materials may not be available locally.

The reliability of your supplier is crucial to your importing success. Find out as much as possible about them through your business contacts and get references from their bank or an international credit reference agency. Better still, visit them in person.

This event is Free to Chamber members.
Non-member price – £20.00 & VAT per person