Tuesday, August 9, 2011

8 Steps for Export Compliance

Global Trade Net (www.globaltrade.net) recently published a great article by Matthew Goldstein on how to comply with Export Regulations and controls.


In many respects, export controls are just another cost of doing business in today’s global marketplace. They cannot be ignored. Responsible exporters must be dedicated and fully commit their company to compliance. They must stay informed of changes to the export control regulations, follow other laws applicable to their international operations, and adjust each compliance step as needed. While this may all seem very complex, the eight steps described in this article present an organized approach to export controls that can minimize risks and help keep a company’s foreign markets open.



THE EIGHT STEPS TO COMPLIANCE
ONE
Learn the Rules
TWO
Determine Jurisdiction and Classification
THREE
Register as Required
FOUR
Screen Each Transaction
FIVE
Obtain All Necessary Authorizations
SIX
Make and Keep Records and Reports
SEVEN
Implement a Written Compliance Program
EIGHT
Monitor Compliance

The complete article can be found on Global TradeNet.


1 comment:

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