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WHAT IS TRADE COMPLIANCE<br />
• In international trade, “compliance” refers to how well a company observes the laws<br />
and regulations that govern its international business operations. Whether you are<br />
the importer or the exporter, you need a clear understanding of the rules that govern<br />
international trade in your sector:<br />
– Constant Risk Mitigation<br />
• E-commerce? * GCI Partnership (Deemed Export?) * Parts Sales? *<br />
Account Creation? * New Business?<br />
– Comprehensive Work Instructions (WI) – recently taken under TC at a vendor<br />
savings of USD $15K/month<br />
– Export Management System (Precision) – that uses a matrix to conduct a<br />
license determination<br />
– RPL/DPL screening<br />
– Know Your Customer program – 10 Prohibitions built into the Export<br />
Administration Regulations<br />
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