For most in-house counsels, monitoring trade regulations and controls could be a never-ending headache given the ever-changing regulations and laws. Nearly all organizations, not only the ones caught up in sanctions scandals, are waking up to a myriad of regulatory issues imposed by trade controls. Read More
On August 18, 2017, the Office of the United States Trade Representative initiated an investigation of China under Section 301 of the Trade Act of 1974.
INCOTERMS (International Commercial Terms) are internationally recognized trade terms used by buyers and sellers for prevention of confusion in foreign trade contracts. ICC (International Chamber of Commerce) developed them in 1936 and updates them periodically.
Many businesses think that it can’t, or won’t, be something that will affect them.The truth of the matter is that confidence is no replacement for solid and robust compliance systems and processes.
Training is a critical element of any export compliance program under the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR). Training ensures that all employees understand the export regulations and reinforces the policies and procedures implemented by the export department. All employees from the assembly line to the CEO should attend an annual training. Read More
Assigning an incorrect ECCN can turn out to be a costly mistake for an exporter. Exporters encounter serious challenges in designating the right ECCN to items. Read More
The U.S. government has various export control regulations that serve a crucial function in upholding national security and to promote different foreign policy interests. They expect businesses, who export, to ensure they comply with the appropriate regulatory standards and failure to do so can result in a variety of different penalties. So, what do you need to know? Read More
Essentials of an Export Control Program and what you company needs to have in place in order to help ensure you are on the right track to export compliance. Read More