In Weifang, a city located in the eastern part of Shandong Province, a “difference of trade company” (usually referred to as a trading差异公司 or Difference Trade Firm) operates differently than other business entities.
A difference of trade company typically involves importing goods that are not locally produced. This could include specialty items, raw materials, or finished products from other countries.
The company’s main function is to secure the imports through efficient negotiation with foreign suppliers, adherence to international trading regulations, and managing logistics for the imported goods.
In Weifang, such companies contribute to the local economy by providing job opportunities in sectors like transportation, warehousing, and customs clearance. They also stimulate domestic industries by introducing new technologies or business models.