Diverse and ever-changing trade regulations and requirements in different parts of the world create complexities and challenges in shipping. To speed up international shipping and simplify customs transactions, DHL Express has developed My Global Trade Services (MyGTS), also commonly known as Trade Automation Service (TAS).
GTS is a free tool to help businesses calculate duties and landed costs, understand the paperwork, determine the classification and other common tasks encountered in international shipping. Our goal is to simplify the complexities of global trade and help businesses keep abreast of the frequently changing trade protocols.
This article will outline everything you need to know about Global Trade Services and Landed Costs, thus making your international shipping journey smooth and easy.
What is a Landed Cost?
A “landed cost estimate” is a calculation of the total amount you can expect to pay for transit costs and insurance charges, as well as applied duties, taxes and fees for the commodities being shipped.
Why is Landed Cost important for e-commerce business?
Knowing the true value of Landed Cost enables you to better understand your true costs per product sold, thus allowing you to set more competitive and realistic rates for your customers and end-users than your competitors. In addition:
- It also allows you to provide fixed pricing to your customers while lowering the chance of unexpected costs for your company.
- It assists in making the estimation of unforeseen costs in the destination country.
- It enables your customers to have a great buying experience with no hidden charges and quick processing at the delivery location.
Calculate your Landed Cost with MyGTS
MyGTS is a free, user-friendly platform that will help you navigate all aspects of international shipping – including Landed Cost. You can log in with your existing DHL Express Business Account or register a new MyGTS account to access:
- Pre-shipment Planner: a dedicated tool to help your business comply with all import/export regulations and calculate Landed Cost.
- Accurate Harmonized System Codes: no more guesswork; MyGTS leverages AI to give you the correct classification for your shipment every time, making customs clearance faster. Search for HS codes using keywords or the code directory.
- Landed Cost for goods in any country: calculate your product cost, duties & taxes, and freight charges to enhance your pricing strategy and give your customers transparency over shipping fees – which builds trust with your business.
Guidance on each country’s import and export requirements before you ship – no more goods held up at borders! - All the documents you’ll need for fast and easy customs clearance.
- A product catalog feature – where you can save past searches, product details and tariff codes for quicker repeat shipping.
What are the benefits of using MyGTS?
- Avoid customs delays that can result from having incorrect documents and licenses.
- Prevent shipments to restricted parties.
- Access customs clearance information more quickly and easily by consulting a single source.
- Get trade-related cost estimates on the front end
- Find country clearance requirements instantly.
- Streamline trade-related processes to control costs.
- Make better sourcing and selling decisions.
- Focus on your company’s core competencies.
DHL: Your all-in-one international shipping partner
Start your partnership with the world’s most international company to reach new cross-border markets, seamlessly, with guidance form the experts at every step.
You can log in to MyGTS with your existing DHL Express account, or register a new MyGTS account. Click below for your options.