France is one of the world’s largest trading entities, exporting approximately $456.8 billion in 2009 alone. The country’s primary export commodities are machinery, transportation equipment, aircraft, plastics and chemicals, and France maintains ongoing trade practices with the United States, the United Kingdom, Germany, Belgium, Italy, Spain and the Netherlands.
If you are planning on importing from France, here is a quick look at the breakdown of costs to expect during the trade process:
Customs Duties on Imported Goods from France
When importing goods from France, you will be responsible for paying a customs duty on the items and obtaining customs clearance. All exports valued at 38,617 EUR or higher must be approved by a banking intermediary and be accompanied by a bill of lading/air waybill, a Single Administrative Document, export declaration form, invoices, permits, certificates and licenses.
Import Taxes When Importing from France
The United States government and United States Customs Service assess import duties and taxes on all imports from France. The import duties vary depending on the type of goods, and a comprehensive listing is updated in the U.S. Harmonized Tariff Schedule. The United States typically raises and lowers duty rates, tariffs, fees and restrictions from France based on the economic climate and economic influences.
Types of Clearance Service Fees When Importing from France
Each shipper will assess a variety of fees per shipment, and some will assess fees based on the value of the goods being imported from France. You may be responsible for paying the following clearance service fees per shipment:
Broker Document Transfer Fee – issued by the brokerage company
Clearance for End Use – issued by the shipper to ensure your items are VAT-free and duty-free when they are cleared for shipment
Freight Clearance Fee – fees associated with using a third-party shipper
Governmental Agency Fees – Various government agencies in France will impose a fee for exporting goods, and these may be added to your final bill by the customs broker or shipper. The shipper may also assess a processing fee if they are handling the government agency fee.
Shipment Storage Fee – If you plan to store your imported goods at a shipping or storage facility, you will be responsible for fees on the items on a daily, weekly or monthly fee schedule.