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Trade Compliance
Consulting
Why is Trade Compliance so important?
In a globalised economy, it is more important than ever for companies to comply with applicable trade regulations. Trade compliance includes export control regulations, customs regulations and sanctions compliance regulations.
Export control regulations govern the export of goods and technologies intended for military or dual-use use. Companies exporting these goods or technologies must apply for a licence and obtain the necessary authorisations.
Customs regulations govern the import and export of goods. Companies must complete the required customs clearances and pay the required customs duties.
Sanctions Compliance regulations govern trade with sanctioned persons and countries. Companies that trade with sanctioned persons or countries risk fines or other sanctions.