Post Trade Compliance and Traceability

Products may leave your company for delivery to end users, but trade compliance does not end at the loading dock. After an overseas transaction, your company must practice good post trade compliance to avoid penalties and fees and to keep export operations running smoothly. Documentation showing that your business complies with the latest export regulations is necessary for traceability and auditing purposes. Remaining in good standing with international trade regulations requires commitment from every employee involved with importing and exporting. Comprehensive Trade Compliance and Your Operations Periodic training is necessary for all workers who deal with imports and exports to avoid falling afoul of regulations. Trade regulations are known for changing frequently, so employees must remain aware of the changes that affect them. Your business's trade compliance policy must be communicated clearly from the CEO's office, and you must demonstrate your commitment to compliance by keeping employees abreast of changes in the regulatory environment. Compliance from Import to Export and Beyond Pre trade compliance and post trade compliance successfully bookend your operations so that you avoid problems importing commodities and exporting products. Without trade compliance at the beginning and end of your production process, you risk severe financial and legal consequences. Ensuring Continuing Trade Compliance Compliance consultants help businesses every day by providing employee training, finding out where there are potential weaknesses in compliance and finding ways to fix those potential problems. For any business operating internationally, trade compliance is not only the right thing to do, but also provides a competitive edge. Compliance must be integrated into your company at every step from commodity import to finished product export.