July 2020

Earlier this year the public of the British empire had the chance to vote if they want to stay a part of the European Union or if they are in favor of the Brexit (British Exit from the EU).

The vote was close. About 52% of the public voted in favor of the Brexit. Great Britain will leave the European Union but the entire process of exiting the EU will take about 2 years. That means not Great Britain and the EU got 2 years to set up processes and rules to prepare for that day. It also means companies involved in Global Trade to and from Great Britain do have 2 years to prepare for the new scenario.

Any successful company is using metrics in almost all aspects of their performance. Those metrics are often called key performance indicators (KPIs). While it is very common to track KPIs in the field of Sales and Marketing, metrics are very beneficial when it comes to compliance, too.

In the past 10 years E-Commence was booming and the global E-Commerce market was growing rapidly. In 2015 the global E-Commerce market had an estimated size of $1.6 trillion. In 2014 in the US more than 520 million E-Commerce based packages were sent and the growth of the market does not slow down. The global E-Commerce market is projected to triple in size in the next five years. Big drivers of this development are countries like China, Brazil and India with its growing middle class.

In the last 5 years, the number of Importers and Exporters using automated global trade management system nearly doubled. Those who are still holding back, do so because of two main reasons:

5 individuals and their companies have been indicted as part of a conspiracy to defraud the United States that have been accused of causing thousands of radio frequency devices to be illegally exported from the U.S. to Iran.

The former Managing Director, Xun Wang, of PPG Paints Trading Company, Ltd., located in Shanghai, pleaded guilty to illegally exporting high performance coatings to a nuclear reactor facility located in Pakistan. The company is a Chinese subsidiary of the U.S. based PPG Industries.

The Bureau of Industry and Security (BIS) will be adding two new entities to the Department of Commerce (DOC), BIS Entity list for denied trade parties. Both parties are accused of buying internet filtering devices from the United States and sending the devices to Syria.

Mr. Rudolf Cheung pled guilty this week to violating the U.S. Department of State, Arms Export Control Act (AECA). Mr. Cheung, a Massachusetts resident, was found conspiring to illegally export 55 antennae with military application, from the U.S. to Hong Kong and Singapore.

The United States Department of Commerce (DOC), Bureau of Industry and Security announced that three U.S. companies have agreed to pay $35,200 USD in penalties stemming from violations of current Export Administration Regulations.