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How to Address a Lack of Product Classification Expertise
Companies involved in imports and exports must know how to classify products. In essence, classification determines the federal regulations that apply to a given type of product. This suggests that expertise is essential to compliance. We offer import and export classification services to companies lacking that expertise. Our process utilizes the latest best practices…
Read MoreTop 3 Things to Know About HTS Import Codes
Top 3 Things to Know About HTS Import Codes Every organization whose operations include the importation of foreign goods is subject to import classification. In other words, goods coming into the country have to be properly classified for both regulatory and tax purposes. Classifications are covered under the Harmonized Tariff System. Therefore, classification codes…
Read MoreGlobal Trade Management in the Post Brexit Era
The UK made history in 2016 when voters approved a referendum directing the government to withdraw from the European Union (EU). At the end of 2020, after more than three years of often contentious negotiations, Brexit was finally completed. Now, in a post Brexit world, global trade is impacted. There wasn’t much good news to…
Read MoreWhy ITAR Can Easily Complicate Your Business
With all the trade compliance issues that global organizations have to worry about, it is sometimes a wonder that business ever gets done. Moreover, certain types of businesses are subject to more stringent regulations. Take the International Traffic in Arms Regulations (ITAR). If they affect your company, they can easily complicate your business. ITAR is…
Read MoreWant to learn ITAR Compliance? Here’s A Quick Guide to Get You Started in 2021
Introduction The United States government has strong oversight of the country’s defense-related deals, ensuring the military equipment exported doesn’t fall into the wrong hands. The government has tightened its policies regarding the export of defense-related weaponry in the recent past by introducing a stricter set of rules we know as International Traffic in Arms Regulations…
Read MoreUSMCA: Are You Prepared?
USMCA: Are You Prepared? Where are we? We are all aware of the impending change from NAFTA to USMCA, but where does it stand today? As of today, both Mexico and the United States have signed the agreement, but it is pending approval of the Canadian Parliament. In October 2019, the Canadian Liberal Party lost its…
Read MoreKYC & AML: Best Practices For Compliance
KYC & AML: Best Practices For Compliance We all know criminals can be intelligent. As the world becomes more and more digital, thieves are finding bigger and more invasive ways to disrupt innocent people’s lives. With the rapid growth of the fintech industry, many new regulations have come about as a means of protecting consumers’…
Read More5 Aspects of Global Trade Compliance in Supply Chain Management
5 Aspects of Global Trade Compliance in Supply Chain Management In a world that seems to get smaller every day, global supply chain compliance is becoming evermore essential. Without it, no international company can truly achieve operational excellence. Besides being inefficient, companies that don’t have a solid international trade compliance program in place subject themselves…
Read MoreDealing with Routed Export Transactions
Dealing with Routed Export Transactions What You Should Know About Dealing With Routed Export Transactions Many industries enable organizations to enjoy cross-border, international relationships, but not everybody understands the work that goes into creating successful import and export transactions. While compliance is difficult with any routed export transaction, companies that aren’t prepared for proper regulatory checks will…
Read More10 Trade Compliance Accounts You Should Be Following on Twitter
10 Trade Compliance Accounts You Should Be Following on Twitter As trade compliance professionals, we are constantly being pulled in a million different directions. We often find ourselves in a reactive state, working to fix problems to keep our businesses running along smoothly. While this is one of the things that makes the job interesting…
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