Before you launch into importing the first thing you need to do is analyse its feasibility and start planning. This includes:

• identifying the market for the imported product;
• locating suppliers;
• adhering to Australian import regulations;
• finding a customs broker;
• collecting import quotations;
• establishing payment terms;
• learning trade terminology;
• managing foreign exchange fluctuations;
• determining methods of transport; and
• securing distribution arrangements and agreements.