The Charismatic Charlie Wade

Charlie nodded and asked him, “What is your name?”

The young man replied, “My name is Francis Wade.”

Charlie nodded slightly and said, “Okay, let me ask you, what business is your family currently operating overseas?”

Francis Wade hurriedly said, “We produce and sell Chinese-style furniture throughout Europe, mainly for Chinese customers, and our production place is Romania.”

Charlie frowned and asked, “Why do you want to produce Chinese-style furniture in Romania?”

Francis Wade replied, “The main reason is that Romania’s timber production is very high, and their labor costs are relatively cheap.”

Charlie asked again, “Then how many workers do you have in Romania? What is the annual output value?”

Francis Wade thought for a while and said, “We have approximately 10,000 employees in Romania, with an annual output value of approximately 2 billion euros and a net profit of approximately 20%.”

have a net profit of 400 million euros a year for this

said, “A few years ago, our

family move the production

him, “Why did you suggest moving to

we produced in

much higher, because the domestic labor was relatively cheap, the overall profit rate

will continue to increase tariffs and other taxes on

will lose all advantages in the European

has been increasing tariffs on imported furniture, and so far it has increased by at least

“After you move your business to Romania, can you avoid this European tariff

Francis Wade explained, “When we moved our production base to Romania, we also re-registered a company in Romania, which is equivalent to turning our products into local products produced in Romania, and because Romania has also joined the European Union, the entire European market has given great preferential policies to

result, we have actually

which also allows us to have more sales, so the

Chinese-style furniture, every company that sells to Europe