About 4,000 rules relate directly to foreign trade.

The importance of information cannot be overestimated. Those are well informed are aware of various decision-making alternatives, and have a fair chance to choose the best of all the solutions.

Supplying information therefore plays a significant role in our customs and foreign trade activity. We can assist trading companies with our expertise and know-how saving them

• time,
• energy,
• expenses and
• losses.

When starting a foreign trade business, compliance with a series of legal, material and personnel conditions is required (such as the EU Directives concerning authorization, Community Customs Code)

As the numerous legal regulations may cause various obstacles, it is essential to be familiar with foreign trade, customs and foreign currency regulations. At present from the total 40,000 Hungarian legal regulations 4,000 relate directly to foreign trade, not counting with the compulsory EU regulations and the laws of the partner countries that also must be complied with.iról.

For initiating a new product/country/transaction type, it is necessary to be familiar with a series of export-import regulations and procedures before the conclusion of the deal in order

• to avoid failure due to missing permits,
• preparing calculations, negotiating while having false or uncertain assumptions, (e.g. the size of the customs tariff rate),
• setting up types of payment, which are correlated with the partners' reliability. We can usually provide this information on the spot.

The importance of the so-called special regulations is also worth mentioning for we can provide assistance in special regulations concerning

• sensitive goods
• sensitive relationships as well as
• specific foreign trade transactions. l

Within the foreign trade of each country there are some sensitive goods, for example fiscal products (tobacco, alcoholic beverages, oil-products), cars, precious metals, arms, narcotics and their raw materials, various chemical industry products, agricultural products, textile industry products, some consumer goods and raw materials etc.The foreign trade of these sensitive goods regulations is different from the general procedure.

Specific regulations and their consideration is needed when trading with sensitive relationships, such as The Far East and some countries of the former Soviet Union.

So called special foreign trade transactions, such as

• paid work,
• barter,
• re-export,
• transit deal,
• international service sales
• primary contracting
• international co-operation transactions, etc.

are very frequent.

These special foreign trade transactions are also subject to specific regulations. Our consulting activity is strongly determined by the knowledge of these regulations and the specific trade administration that is essential to complete the deals.