Page 218 - DMGT547_INTERNATIONAL_MARKETING

Unit 12: Export Procedures and Policies

Notes

Having seen the above at a glance, one thing surely stands out and that is the role and
responsibility of the C&F agent. As the name suggests, these are professional agencies that
specialize in customs clearing of both export as well as import cargo. In addition, they also
undertake warehousing and haulage operations. They are also known as Custom House Agents
(CHAs) or Freight Forwarders. They perform a variety of tasks that lessens the burden of the
exporter. Most exporters/importers around the world use such services and now we have certain
multinational operators in this particular field.

Did u know? India also has seen the growing presence of such multinationals. Some of the
famous names include Fritz Freight, Expediters, Schenkers, Bax Global, etc.
Faced with declining exports, the government today announced a slew of measures including
extension of the popular EPCG scheme to all sectors and sops for Special Economic Zones (SEZs)
to boost shipments. The initiatives announced by Commerce and Industry Minister as part of
the annual supplement to the Foreign Trade Policy (FTP) are aimed at pushing exports which
declined by 1.76 per cent to USD 300.6 billion during 2012-13 and pushed up the trade deficit to
USD 190.91 billion.

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