Workshop: `Triangular Foreign Trade Operations`

The Madrid metal industry association (aecim), together with the consulting firm Gedeth Network, organized a conference yesterday on an activity that has been growing a lot in recent years and that offers great advantages in terms of foreign trade.

Regarding the content, it was emphasized that intra-Community, export, and import operations must be taken into account, as well as VAT returns using different forms. Various customs procedures may be involved in a triangular transaction, such as those under the inward processing regime or free trade zones, among others.

Emphasis was placed on the importance of triangular operations carried out by a manufacturer and an intermediary, the operational management of a triangular operation, as well as the main means of collection and payment in triangular operations when the parties do not have trust.