Italy vs. Chinese countries: beware of scams!

After numerous evaluations, negative opinions and reports of scams on Chinese products, the Italian Trade Commission in Shanghai warns Italian companies from the traps of alleged Chinese entrepreneurs: advance purchases, travel and commercial recordings of web domains that are increasingly only broken promises!

Haste is a bad counselor for Italian companies investing in China. The warning comes by ICE that warns our entrepreneurs engaged in business with the Chinese giant. Scams, fraud, deception, shoddy goods, shell companies, shipping never match: pay attention to window dressing, often traps harmful to your wallet! In order to avoid alleged unscrupulous Chinese entrepreneurs, ICE has made strict claims and has compiled a set of guidelines with greater risks to be faced in import-export trade with Beijing.

China, remembers the Ice, is a business partner that is generally reliable, as evidenced by the growing volume of trade with the rest of the world. Fraudulent practices constitute a minority of the total of trade and foreign business, but you need to keep your eyes open. The problems often arise from the rush and the lack of knowledge of China’s of China, remaining flattered by profitable proposals, competitive prices and suspicious requests, sometimes disguised as business deals (not to be missed).

So what to do?Egointernational Group company, leader in the import / export field for 13 years, says that the golden rule is always to check the existence and reliability of the Chinese side, as well as the validity of the proposed conditions (duties, taxes, contract). The ICE of Beijing offers free advice for companies who want to start making exports within the Asian country. We must be wary, above all, to requests for advance payments on the internet, for example, with bank transfers, for trials, demos, samples and free samples. It may happen that the goods purchased never get to your destination, no tracking of the Chinese supplier and therefore to recover the money.

A very common trap regards trade missions, disguised as necessary to close a sale. The physical presence of both the players involved in the deal, it is absolutely necessary to put pen to paper. In fact, just be practical on the web and / or enroll in some e-commerce marketplace sector and the game is over!

The web is a breeding ground for “telematics hideaways”, online scams to distracted companies. There are companies who peddle fake registrations of Internet domains, by paying a few hundred euros, arguing that this procedure is necessary to create a site with the name of its brand. Pay attention to purchases which destined to European markets: it is good to check the goods on site before shipment, in order not to be produced with no mandatory certification in European countries and so now unsaleable.

To avoid scams and damage to the company you should check well: the identity of the Chinese partner, the presence of import-export certificate, the payment methods that must be safe and the timing of the arrival of the goods.

“Made in Italy” and China: new business export opportunities

During its six months of EU premiership, Italian Prime Minister Matteo Renzi is successfully increasing importance of partnerships with key foreign markets. The last example concerns Mr Li Keqiang, who has been officially received as Chinese Prime Minister for the first time.

Mr Keqiang chose to visit Italy during his European tour and this is a clear and positive signal for future import/export operations. In addition, China and Italy celebrate the 10th anniversary of their comprehensive strategic partnership this year. Italy is one of China’s main partner in Europe and both Countries are interested in cooperation, economic growth and investments.

 WHICH ARE THE MAIN TOPICS DISCUSSED DURING THIS VISIT?

ITALY-MILAN-CHINA-LI KEQIANG-INNOVATION FORUM

Chinese and Italian Prime Minister’s meeting at Innovation Forum

In effect, this visit aims to develop new business opportunities enhancing the traditional friendship relations between China and Italy, which are symbols of excellence for Eastern and Western cultures and they respect and appreciate each other. During the last six months, exchanges reached 23 billions of dollars and this is an encouraging data. In effects, China’s will is to increase import for “Made in Italy”products with particular attention to high technologies, energy, agriculture, machines and yacht sectors.

First of all, the two leaders met during China-Italy Innovation Forum and they signed 20 bilateral cooperation agreements. The total amount is over 8 billions of Euros and this is a great leap both for Italian exportations and economy. These are the most important exemples:

  • Enel SpA and Bank of China signed an agreement which Italian Managing Director and CEO Mr Francesco Starace defined as strategic:  Enel SpA needs financial competences and Bank of China has at its disposal a company which is an international leader in utility sector. Both parties are satisfied and confident about results and reciprocal benefits
  • Finmeccanica-AgustaWestland has an agreement with Chinese Beijing Automotive Industrial Corporation (BAIC): Italian company is now supplier for 50 helicopters, which will be used for public missions. The contract value is about 400 billions of Euros and it is only the first step towards future partnerships such as supporting activities, customized helicopters and in loco flight training
  • Italian National Standardization Body -UNI signed a prior agreement with SAC–Standards Administration of China in order to cooperate and to share information and activities which simplify commercial exchanges.

The last point is particularly positive for Made in Italy food exportations as it aims to make controls, methods, timing and required documents easier and faster. In addition, Mr Renzi and Mr Keqiang discussed about solving two negative market trends which are oppressing this sector and many others ones: forgery and infringement of intellectual property. Joining innovation and creativity to scientific knowledge in order to improve and to make grow mutual industries: this is one of the key points expressed by Mr Keqiang during China-Italy business forum.

 WHICH ARE BENEFITS COMING FROM ASEM AND CHINESE PRIME MINISTER VISIT?

Asem, Italy, Milan, Chinese Prime Minister

Chinese Prime Minister’s arrival at Asem, Milan, Italy

Mr Keqiang also attended to the 10th Asia-Europe Meeting (Asem) with leaders coming from over 50 Asian and European Countries and international organizations. For the first time in Italy, Asem’s theme was: “Responsible Partnership for Growth and Security“. In particular, the 53 member states discussed about the following topics:

  1. Responsible
  2. Partnership
  3. Sustainable Growth
  4. Security

As we can understand, this summit was established in order to help Europe and Asia solving a number of issues of global importance such as economic growth, energy safety, financial and economical cooperation, human rights and climate changes. All these themes concern improvement and simplification of future business relations and they are obviously related to import and export to Italy.

Milan was chosen as the right place to host the summit and this is a great pride for the whole Italy. As declared by Mr Pisapia, Milan’s mayor, the city lived two wonderful days thanks to journalists coming from the most important newspapers and to all international news channels. They had special consideration for Milan describing its beauty and pointing out attention to Italy. Therefore, events we all were witnesses lead a great value for internationalization.

China is a powerful economic, commercial and financial Country and it chose Italy as a strategic partner. This means that Beijing likes Made in Italy main features: tecnology, quality, design, innovation and creativity. Italian companies are ready to win this challenge and to take opportunities coming from exportation.

 

 

 

HOW TO FIND PARTNERS FOR MADE IN ITALY IMPORT/EXPORT

Made in Italy products have features which are appreciated all over the world: quality, enduring, design, innovation, attention to details, customization and elegance.
If we think about clothing and food, which are the traditional sectors for Italian exportation, we know that Italy is usually considered as the best manufacturer.

Italian market is composed by many small and medium sized companies whose products have all these characteristics but some of them are not able to sell abroad because they don’t have an internal foreign department.
This is the reason why EGO International was established in 2002.

WHO IS EGO INTERNATIONAL?

EGO International Srl is a company based on Northern Italy which has a clear mission: connecting global buyers to Italian suppliers.
This purpose is also indicated by the name: in effect, EGO means Export Global Opportunities.
The company has 70 employees and a growing number of area and export managers and marketing & research experts.
The technical department consists of engineers and technicians, as well as technical and commercial managers for all sectors.
EGO International aims to make easy import/export transactions for Made in Italy products by:              

Made in Italy, sourcing Italy, export Italy, Italian products, import to Italy

Made in Italy means quality, design and innovation.

1.selecting qualified and certified Italian suppliers which are interested in exporting their products

2.contacting buyers who wants to import Made in Italy products

3.helping buyers to find Italian suppliers who respect their requirements

4.supporting Italian suppliers and buyers during negotiations and quotes processing

Therefore, the company provides internationalization services for Italian companies while global buyers have new business opportunities to import from Italy.

HOW DOES EGO INTERNATIONAL WORK?

All Italian member entreprises are examined by a technical department, which verify their suitability for the export of their products. EGO currently counts over 1,800 qualified and certified Italian companies operating in various commercial and technological sectors.
These are suppliers business areas:

    • Food & Beverage
    • Frameworks
    • Fashion
    • Medical Sector
    • Furniture
    • Ceramics
    • Packaging
    • Marketing system
    • Printing and Lythography
    • Wooden houses
    • Promotion material for trade fairs
    • Contracting
    • Automatic vending machines
    • Building sector

According to buyers’ requests EGO is able to give quotes for the following parts, components and complete machines:

  • precision mechanics
  • metal sheet working
  • moulding of items in plastic and rubber
  • additional services such as surface treatments and foundry

The company operates as an external foreign office for Italian suppliers supporting them during the internationalization and selling process.

internationalization, internationalization service, made in Italy, import to Italy, export, global markets, global business, business opportunities

EGO International helps you finding new business opportunities.

On the other hand, EGO connects buyers to the best suppliers for them from a quality, quantity, delivery and price point of view.
This is a bespoke and a free of charge service for buyers: annual fees are paid by Italian clients.

This is how it works:

Step 1.
buyer send his RFQ to EGO International

Step 2.
he receives quotes that meet his needs

Step 3.
he chooses the best supplier and quote

Step 4.
he receives samples to ensure quality

Step 5.
buyer places his order and archive quotes he didn’t use this time

EGO supports buyers throughtout the process without any hassle or communication complications.

WHICH ARE MARKETS WHERE EGO INTERNATIONAL WORK?

All export managers are native speakers and they allow company to operate in different global markets:

  • North, Central and Eastern Europe
  • Middle East and Asia
  • North Africa and Arabic Countries
WHICH ARE BENEFITS FOR ITALIAN SUPPLIERS AND BUYERS?
import, export, business opportunitiexport global opportunities, business partners, made in Italy, import to Italy, export, external foreing department, foreign office, internationalization, internationalization services

EGO International is the ideal partner both for importing and exporting Made in Italy products.

1. No costs and no commissions for buyers
2. Connection to suppliers who assure excellent Made in Italy products, best prices and customer care
3. Ensuring incredible returns on investments while building loyal and lasting relationships that remove any buying or selling risk
4. Increasing profits
5. Saving time and money: buyers and suppliers don’t need to search business partners by themselves
6. Whole linguistic, commercial, technical and cultural support during all phases
7. A bespoke service: buyers are connected to Italian suppliers who exactly match requirements

The company is the ideal partner for entreprises which are interested in both internationalization and in grabing opportunities from exporting their products.
On the other hand, importing from Italy is more profitable for buyers.
Therefore, EGO International plays a key role in spreading Made in Italy brand all over the world and it helps to avoid barriers which damage international transactions.