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Importers and exporters need to fulfill a range of compliance requirements before their transactions can be completed. If you wish to achieve faster clearance from the customs department, you need to have a robust trade compliance program in place. This blog focuses on helping traders in speeding up their transactions by providing three reasons to review their trade compliance program.

Sanctions and embargoes tend to have a major impact on international trade activities. Companies must be aware of the key sanctions that are placed on entities from specific regions. Awareness of such sanctions is important for two reasons. Firstly, this ensures that your business is not illegally engaging in any transactions with sanctioned parties. Secondly, it also acts as a risk mitigation measure for your business. This blog focuses on reviewing the key EU and U.S. sanctions and embargoes that are in place for the year 2020.

International trade continues to evolve at a rapid pace. Exporters and importers must be fully aware of the latest developments in order to ensure that they are not missing out on growth opportunities. In recent years, global trade has been affected by a trade war and increasing political influence. However, these hurdles are not going to stop companies from transacting across borders. It is likely that global trade will continue on a growth path over the next few years. This blog analyses the current state of affairs and makes four major global trade predictions for the year 2020.

Compliance is a key aspect of international exports and imports. Traders around the world need to ensure that they are fully compliant with all regulations and audit requirements prescribed by the authorities. Such audits can be multi-dimensional and can include elaborate processes and procedures that are used to check all transactions conducted by a trader. There is a possibility that your business is not fully prepared for compliance audits. This blog will help your business in surviving a compliance audit by providing some key tips and tricks.

Businesses engaged in international trade need to comply with various local and international laws. Enforcement officers around the world are constantly on the lookout for import and export transactions that either violate export controls or are non-compliant with other regulations. Although various businesses are now making use of automated record-keeping solutions, using these may not fully protect them from the risks of non-compliance. This blog helps these businesses in understanding the nuances of export control record keeping. It also provides important information related to maintaining documents in such a manner that full compliance can be achieved.

The de minimis rule has been designed to keep track of the regulations to be applied to shipments that are traded in international markets. The rule allows import of qualifying goods without the application of export administration regulations. These goods can be exported and re-exported without worrying about additional regulations. The application of this rule also speeds up the import process, thereby making sure that the time taken for the trade is shorter. This blog focuses on the de minimis rule and the re-export of US-origin goods that may be incorporated into a non-US item.

Exporting goods involves a number of different laws and regulations. One such regulation relates to the classification of your products. Every exporter needs to be aware of the pertinent norms regarding product classification. The origin-country determines the set of rules that you need to comply with. Such product classification mechanisms also allow importers to pay the right amount of duties and comply with all regulatory requirements. However, classifying products accurately can be a major challenge for various exporters. Here is a short guide that will help you with your product classification procedure:

Over the past few decades, rapid globalisation has meant that traders all around the world are highly connected. It has become much easier to export and import products to different parts of the world. This has provided them with access to new markets, smoothened out the supply chains, and ensured that pricing differentials could be exploited. However, there are also certain drawbacks of such globalisation. Importers and exporters need to be extremely careful regarding the rules and regulations in different parts of the world. This blog will help traders in understanding the challenges of multi-national laws, as well as informing them about how to overcome key hurdles.

International transfers of software and technology are very different compared to the export and import of other goods and services. This is because software and technology can be in a tangible or intangible form. For example, the software can either be in the form of a memory stick, which is tangible, or in the form of a server download, which is intangible. Thus, it is critical for exporters and regulators to be in sync with regard to software and technology transfers. This blog aims to review the key challenges on the measures to control software and technology transfers.

Organisations in the business of controlled/sensitive goods such as aircraft parts, government military projects require a strict visitor management programme. For such companies, it becomes imperative to make sure that each visitor that enters their premises is identified and tracked. They also need to ensure that no unauthorised visitors enter their office because this may pose a serious security threat not just for the company but for the country as well.