Executive Briefings

U.S. Trade Compliance Laws, Regulations Become More and More Complex

Today's ever-expanding supply chain offers businesses greater opportunities for efficiency and success in the growing global business environment. The instantaneous and constant flow of data, products and services around the world, however, brings with it a greater risk of violating the numerous and often complex U.S. trade compliance laws and regulations. Businesses that fail to set up policies and procedures to ensure compliance face risks ranging from shipment delays to hefty fines and penalties.

Fostering strong collaboration among supply management and trade compliance professionals is a good way to ensure that trade compliance does not become a stumbling block to business efficiency.

There are numerous U.S. laws and regulations governing the export and import of goods and services. The two regulations with the greatest everyday impact on the global supply management function are the International Traffic in Arms Regulations (ITAR), administered by the U.S. Department of State, and the Export Administration Regulations (EAR), administered by the U.S. Department of Commerce.

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Keywords: international trade, U.S. import-export statistics, U.S. trade regulations, trade regulation compliance, denied-parties screening

Fostering strong collaboration among supply management and trade compliance professionals is a good way to ensure that trade compliance does not become a stumbling block to business efficiency.

There are numerous U.S. laws and regulations governing the export and import of goods and services. The two regulations with the greatest everyday impact on the global supply management function are the International Traffic in Arms Regulations (ITAR), administered by the U.S. Department of State, and the Export Administration Regulations (EAR), administered by the U.S. Department of Commerce.

Read Full Article


Keywords: international trade, U.S. import-export statistics, U.S. trade regulations, trade regulation compliance, denied-parties screening