Exports are goods and services produced in the country but then sold to customers residing in other countries. Exports are a very important tool in stimulating the economic growth of a country. Exports also help create more job opportunities, which ultimately translates into higher GDP growth. Exports provide access to a broader global market for millions of small and large businesses. Exports are of enormous importance for the overall growth of a country's economy and also for global trade. Several economists have highlighted that increased exports help nations grow rapidly in terms of GDP and domestic production.
India is the fourth-largest exporter of tea in the world. India accounts for around 10-12% share of world tea exports. Exports are essential for earning foreign exchange for the nation and Indian tea has traditionally been a major contributor in this regard. Tea is one of the most popular and cheapest drinks in the world, after water. Tea is consumed by a large group of society. Over three billion cups of tea are consumed every day around the world and it is considered to be part of the huge beverage market. The export of tea from India has become one of the important sources of income for the country. The Indian tea industry is one of the key contributors to the Nation's GDP.
These are some of the documents involved in a Tea exporting process:
- Export invoice
- COA(Certificate of Analysis)
- Lab Tests report
- Letter of Credit
- SGS(Quality certification with inspection)
- Certificate of Origin(Issued by Chamber of Commerce)
- Export packing list
- Export invoice
- Bill of Lading
- Letter of Credit
- Documents related to custom clearance
- Phytosanitary certificate(Given by Plants & Quarantine Department)
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