Global Trade Compliance

Enhanced import/export regulatory enforcement is creating new areas of risk for companies shipping products across U.S. borders. International shipping practices of the past may not be compliant in this new global trade environment.

  • Does your company have a person or department dedicated to import/export compliance?
  • Can your company produce hard copies of all records from purchase, transportation and import clearance to final payment to supplier?
  • Does your company have internal written controls related to harmonized tariff classification of all goods that you import into and export from the United States?

If you answer “no” to any of these questions, your enterprise is susceptible to trade compliance violations that might result in penalties that have the potential to threaten your ability to remain in business.

With the enactment of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA), many U.S. companies face new – and often unrecognized – risks in international shipping. As a result of this legislation, U.S. Customs and Border Protection (CBP) can now cast a wider net to target importers who fall short in respect to their trade practices.

Many practices that previously went under the radar or seemed inconsequential to shippers are now subject to more careful examination by CBP. Questions to consider include:

  • When imported goods are being purchased, has your organization investigated any possible Anti-Dumping or Countervailing Duty imposition?
  • Are these raw materials or finished goods regulated by trade agreements?
  • Are your imported commodities on any CBP “watch lists?”
  • Are products manufactured with forced labor or child labor and imported into the United States?

Implementation of CBP’s Automated Commercial Environment gives greater visibility of documentation and product movements cross-border to the numerous U.S. government agencies involved in policing products entering the U.S. market. This technology compliments CBP’s ability to focus specifically on key areas of import compliance and enables investigators to discover far more common practice errors.

These capabilities are especially impactful as CBP commits to an aggressive five-year plan of performing a focused assessment audit on all importers not exempted from their audit schedule by Trusted Trader status.

Transportation Insight’s team of international trade compliance experts can assist you in navigating these complex rules and regulations. Our Compliance Health Check identifies process lapses and areas of risk that, when uncovered by CBP investigators, could result in significant financial consequences.

This Compliance Health Check assesses your current practices in order to:

  • Evaluate import and export processes from both a compliance/security and logistics perspective
  • Define lines of accountability for compliance, including the critical role of Senior Management
  • Determine personnel deployment skill sets and training requirements
  • Review service providers and their compliance components
  • Review the organization’s Informed Compliance Awareness
  • Review and assess written SOPs related to the specifications of import and export regulatory management
  • Review “reasonable care” demonstration
  • Know the rules and know where you stand