Foreign purchasing agents are variously referred to as buyer for export, export commission house or export confirming house. They operate on behalf of and are remunerated by an overseas customer. They generally seek out the Asia manufacturer whose price and quality match the demands of their overseas principals.
Purchases may be completed as domestic transactions with the purchasing agent handling all export packing and shipping details or the agent may rely on the manufacturer to handle the shipping arrangements.
Export Broker :-
The export broker receives a fee of for bringing together the Asian seller and the overseas buyer. The fee is usually paid by the seller but sometimes the buyer pays it. The broker takes no title to the goods and assumes no financial responsibility.
Export Merchant :-
Export merchants are sometimes referred to as jobbers. They seek out needs in foreign markets and make purchases in the Asian countries to fill these needs. Conversely they often complement this activity by importing to fill needs in the Asian countries. Export merchants often handle staple, openly traded products for which brand names or manufacturers identifications are not important.