Export Control Violation Leads to Billion Dollar Penalty

Posted by Joe Gabro on Fri, Apr, 28 2017 @ 12:15 PM

This is an update to a blog post originally published on March 10, 2017.

Update:  Last month, the US Bureau of Industry and Security (BIS) decided to remove ZTE Corporation from its Entity List, allowing the company to continue business in the United States. 

“By acknowledging the mistakes we made, taking responsibility for them... we are committed to a ZTE that is fully compliant, healthy, and trustworthy.”

- Zhao Xianming, ZTE President

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Topics: Export Management, Export Compliance, Restricted Party Screening, Export Violations

Your Supply Chain From The Outside In

Posted by Julia Gorman on Tue, Apr, 25 2017 @ 9:01 AM

In today’s global marketplace, internal data can no longer sustain enterprise operations. With the universal complexity of trade laws and regulations, external content has transformed from a supplement to a vital component of global trade management (GTM).

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Topics: Global Trade Management Software, Global Trade Content, Global Knowledge

Upcoming Webinar: Taming The Dragon

Posted by Chester Yavari on Mon, Apr, 24 2017 @ 11:01 AM

China is widely regarded as one of the most powerful economies and countries in the world, and with this being said China’s trade relationships face an uncertain time with the United States, forcing China to expand its relationship with the European Union. With these growing uncertainties and The New Silk Road on the horizon, navigating this dynamic market is more important than ever. However, paving your path through this market as importers and exporters alike is no easy task- implementing the proper policies and a China trade management solution is paramount to your company’s success.

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Topics: China Trade Management, Duty Management, Foreign-Trade Zones

Global Trade Academy Certification – Certified Classification Specialist

Posted by Nick Fabretti on Fri, Apr, 21 2017 @ 10:10 AM

Accurately classifying products is an absolute necessity, yet one of the most difficult tasks corporations face today. Organizations need to train key personnel on a systematic approach to properly classify all product lines.

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Topics: Global Trade Academy

Upcoming Webinar: The Cost of Non-Compliance

Posted by Chester Yavari on Thu, Apr, 20 2017 @ 2:01 PM

To comply or not to comply, that is the question often faced by companies in regards to their export compliance programs. The amount of political upheaval over the past year will have significant impact on the world of global trade management for years to come. With more political upheaval, financial stress, and regulatory change on the horizon, is your company prepared for the changes to come?

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Topics: Export Management, Export Compliance

Upcoming Webinar: Streamlining Exports

Posted by Chester Yavari on Fri, Apr, 14 2017 @ 10:01 AM

Rome was not built in a day, and neither should your export management or compliance programs. To build these programs your company must develop, implement, adhere to operational policies, procedures, protocols, and guidelines for export compliance operations. Automating the export process with the use of the proper technologies will help provide the structure needed by your company.

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Topics: Export Management, Export Compliance

CPSC Doesn’t Toy Around with Safety

Posted by Gary M. Barraco on Thu, Apr, 13 2017 @ 1:15 PM

Most of us are familiar with the CPSC (Consumer Product Safety Commission) and the work they do to protect consumers. Recently we’ve heard a great deal about safety recalls for air bags, mobile phones and hover boards – all of these with life-threatening concerns for consumers.  As manufacturers and importers, it is your responsibility to ensure every product meets the most current standards for product testing; an often difficult task given the mounting additions to the current federal and state regulations.

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Topics: Product Testing, Risk and Quality Management, Quality Control Inspection

Why Multi-Tier Supplier Collaboration is Gaining Importance

Posted by Gary M. Barraco on Tue, Apr, 11 2017 @ 1:45 PM

It’s obvious to many that global trade enforcement is topping the list of “To Do” tasks for the new U.S. administration. However, many do not realize that this is widespread all around the world and feels a lot like a protectionist measures. President Trump is no longer just talking about aggressive action- his budget plans, formation of new task forces, and cabinet picks all echo his vow to crack down on unfair trade practices by prioritizing trade enforcement functions. In Europe, the 2017 elections could yield more of the same attitude.

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Topics: Global Sourcing, Supplier Management, Production Tracking

Webinar: How Will the U.S. Border Adjustment Tax Affect Importers?

Posted by Julia Gorman on Mon, Apr, 10 2017 @ 2:55 PM

Nothing dominates the importing and exporting scenario in the United States more readily today than the discussion around a border tax. With a long-standing trade deficit, the U.S. imports far more than it exports and the proposed border adjustment tax (BAT) would hit imports for an additional 20%. There are supporters and detractors on both sides. 

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Topics: Import Management, Import Compliance

Upcoming Webinar: Understanding the Key Elements of Exporting

Posted by Chester Yavari on Fri, Apr, 7 2017 @ 10:01 AM

As companies like yours look to increase revenues and expand into rewarding foreign markets, uncertainties and complexities await. These lurking uncertainties are the primary challenges and complications with export compliance. Rapid growth for your company often means entering new fertile markets, expanding production, and reaching new customers. All of these factors bring immeasurable pressure to your trade compliance team. 

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Topics: Export Management, Export Compliance, Restricted Party Screening