The U.S. Government has announced significant alterations to the export control guidelines for equipment, parts, components, software, related technology and services used in spacecraft and satellites. These adjustments come as a direct result of a change in jurisdiction from the Department of State’s International Traffic in Arms Regulations (ITAR) to the Department of Commerce’s Export Administration Regulations (EAR).

The long-term goal of this shift is to reduce export compliance obligations, but the burden will fall on manufacturers and exporters up-front since they will be the ones re-evaluating the product classifications. Most of the changes will be implemented on November 10th of this year, but some will take place as early as June 27th. Although the long-term results will reduce U.S. government export controls with these kinds of goods, the short-term implications will include some significant constraints.

Trade compliance professionals face their own set of unique challenges. On top of having to keep up with the government’s ever-changing rules and regulations, you also assume a lot of personal liability.  What happens if something goes wrong, or if someone makes a mistake?  Will you have to pay the ultimate price?

Join Amber Road for this complementary webinar on Tuesday, June 24 at 2pm EDT as we revisit and expand on the topic of "Minimizing Exposure, Liability, and Risk in Trade Compliance." Presenters will discuss:

Your company has automated its restricted party screening processes with Export On-Demand…now what? Join Amber Road for an exclusive, customer-only webinar to learn what other features Export On-Demand has to offer, and to see how your company can utilize those capabilities to manage the entire export compliance process!

The U.S. has seen record-setting export growth over the last several years. U.S. exports during the first quarter of 2014 totaled $576.3 billion, exceeding the first quarter of 2013 by 3.2%, and reaching a record total of $2.3 trillion at the end of last year. In February, the U.S. Commerce Department reported exports rose to $193.9 billion from $190 billion. In March, the U.S. expanded exports to Canada, South Korea, and the countries in the Dominican Republic-Central America Free Trade Agreement. Additionally, the U.S. Import-Export Bank found that the countries with the largest annualized increase in U.S. good purchases were Panama, Russia, Peru, Hong Kong, Colombia, Argentina, Chile, United Arab Emirates, China, and Indonesia.