Exports from the United States are on the rise. According to the International Trade Administration and its National Export Initiative (NEI), between 2009 and 2013 the U.S. logged record-breaking export levels, reaching a high of $2.3 trillion last year, which was up $700 billion over the four-year span. In fact, most businesses are either exporting today or thinking about how they might go global tomorrow.
With so many new organizations entering the international trade arena, now is a good time to review the importance of compliance in the export equation. The diversity and evolving nature of trade laws and regulations domestically and around the globe means that, regardless of size, companies must prioritize the implementation of systems and procedures that ensure strict adherence.