Trade Compliance FAQ
Businesses of all sizes are affected in someway by International Trade. Here are just a few questions our client ask when they start working with us on their global goals.
I’ve been involved with global trade for a while, why do I need ITC support now?
International Trade Compliance (ITC) is your strategic partner in all things International Trade and business related. While we do provide key insight to areas that may pose a risk to your business and bottom dollar, your company may be missing opportunities to introduce your product into new markets, collaborate with international talent, and source from competitive suppliers.
We don’t have any international dealings; how can Trade Innovations help me?
It is not uncommon for domestic companies to believe they have zero international dealings. Once you start looking a little closer, you are likely indirectly tied to a global supply chain, employ Non-U.S. Persons, or have considered importing or exporting.
If you are considering a new market or supply chain , Trade Innovations can help you determine if the opportunity is legal, fits your risk appetite, and train your existing resources to manage the new relationship.
We have been asked to provide documentation we have never seen before, can you help?
It is important to understand your obligations to the sale or purchase and what you are required to supply or receive. Unwarranted requests for documentation can be burdensome on you and your team which is why Trade Innovations can help you with one off or repeat transactional help for both import and export transactions.
We received a call from a U.S. Regulator asking about our Imports/Exports, how should we respond?
An unexpected inquiry from US Customs or an Export Enforcement agent can be unsettling. Trade Innovations will help you understand what the agency is asking for and the most appropriate way to cooperate. We have established relationships with legal teams who can help if and when necessary.
International Business isn’t an area our company is comfortable or familiar with, does Trade Innovations provide training or managed services?
Absolutely! Some companies do not warrant employing a full-time dedicated resource on site or they lack the expertise to do it right. This may be due to the fact they have little import/export risk or import/export volume but are still required to keep an eye on things and remain compliant. Trade Innovations can conduct and initial assessment, establish your program and either train your workforce or manage the program, whichever is the most beneficial for your company. We will also provide you with routine follow up to ensure you are on track to running an efficient trade compliance program or bring you up to speed on regulatory changes.
Let's Discuss YourTrade Compliance Needs
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