Support of foreign trade activities

Thanks to its enormous trade surplus over the past few years, China has become the world's largest exporter and ranks second among the world’s largest importers. Despite its strict policies and remaining tensions in relationships with some of its key trade partners (US and Australia),China is fairly open to foreign trade, which represented 35.7% of its GDP in 2019 (World Bank, 2020). Although the challenges of 2020 have significantly effected the absolute figures , but have not changed the main trends, and the recent statistic data demonstrate rapid recovery in China’s foreign trade activities. Meanwhile, the existing anti-pandemic restrictions require domestic enterprises and their foreign counterparts undertake adequate measures in order to mitigate the risks. Due to remaining travel restrictions , on-the-spot survey and inspections are currently unavailable . Participants to the foreign trade activities have to rely on various local agents to ensure the consistency and quality of their foreign trade deals, and consequently makes them seek professional legal support.

Dakuan provides the full specter of services related to foreign trade activities :

Due diligence: we will examine all the available information regarding your potential counterpart and prepare a detailed report. We can also assist with the inspections of a production enterprise and control of shipment.

Contract, claims and effective communication: according to our internal statistics, up to 90% of the foreign trade disputes arise from the deals made without any written contract. 80% of misunderstandings which result in further disputes arise from the lack of consistency during negotiations and language barrier. In order to mitigate your risks and ensure complete and accurate performance of the obligations undertaken by your counterpart , we can assist you with drafting, amending and verifying of  the foreign trade contracts, participate commercial negotiations and ensure the effectiveness of communication or 

even become your foreign trade counselor on the regular basis.