Global BUSINESS ENVIRONMENT TABLE OF CONTENTS INTRODUCTION Hudson Bay Company

GLOBAL BUSINESS
ENVIRONMENT

TABLE OF CONTENTS
INTRODUCTION 2
Tariffs and regulations 2
Poland’s Import 2
Export to Poland 3
Transfer pricing documentation materiality thresholds 3
Profit Repatriation from Poland 3
REFERENCES 5
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INTRODUCTION
Hudson Bay Company is a diversified retailer that laid emphasis on driving high quality
store’s performance along with its Omni channel platforms and boosting the value of real estate
holdings. The present report considers different trade policies for Hudson Bay with context to
Poland such as regulation of prices of imports, restrictions on export, tariffs and quotas.
Tariffs and regulations
When consider tariffs, Poland directly adheres to General Agreement on trade and Tariffs
where tariffs are related to harmonize system. The custom regulations directly comply with the
wide directives of EU's European. Further, the majority of goods are subjected to the rate till
30% and tariffs with context to some luxury items are higher than 100%. However, there are
non-tariff barriers as well as import licensing is required for limited products range such as
military items, explosives, radioactive materials, highly inflammable materials, Arms and
munitions and goods on basis of temporary capital imports and products, quota under
international agreements essential for bilateral agreements (Trujillo-Baute, del Río & Mir-
Artigues, 2018). The licenses of import are issued through Minister of Economy and
development of import quotas are through specific products. The yearly tariff quotas are
developed for meat, grains, and depends on situation of supply and demand. The product range is
forbidden for numerous reasons related to the public order, protection of natural environment,
health of plant and animal, national security and human as well. The foreign exchange control is
administrated through the Monetary Policy Council within systematic consultation with the
Finance Minister.
Poland’s Import
There are numerous goods that are in free circulation among states of EU member and
could be easily moved with the absence of any custom control or charges. Here is also exception
of some sensitive items like tobacco, weaponry, agricultural products, surveillance and goods
dictated through restrictions which are quantitative. Thus, every state of EU member subscribed
for mutual trade policy for import from third countries (Requirements for doing business in
Poland, 2018). The Polish Ministry of economy issued imports permits, concessions and even
quota is regulated. Conversely, other ministries of Polish have presence of special jurisdictions
over specific products such as tobacco, permits on basis of air, seas and road transport or natural
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