What are the risks associated with importation business?

[King Belieal]

Importation business actually involves buying things from another country and bringing them to sell in your country. Some big business people have used importation business to create wealth for themselves.

What are the risks to be associated with importation business?

 

[Fidelia]

The risks associated with importation business is that the government can just decide to close borders for the product you import and forcing you out of business.

 

[Augusta]

The common risks that had to do with importation business are Regulatory Compliance · Tariffs and Trade Barriers · Logistical Challenges and Currency Fluctuations

 

[eLdavis]

If a ban is placed on importation or if the borders are closed it means you might run at loss or have to spend extra to get your goods.

 

[Miley]

There are so many risk associated with importation of goods the checking the point and arresting if yours goods are not well defined.

 

[Kross]

Something might happen in the course of transporting your products across continents in the high sea. And the entire products get lost.