Why is<\/span> Trade Compliance<\/span><\/span> so important?<\/span><\/h2><\/div>
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.<\/p>\n
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.<\/p>\n
Customs regulations govern the import and export of goods. Companies must complete the required customs clearances and pay the required customs duties.<\/p>\n
Sanctions Compliance regulations govern trade with sanctioned persons and countries. Companies that trade with sanctioned persons or countries risk fines or other sanctions.<\/p>\n<\/div><\/div><\/div><\/div><\/div>