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 the complexity of trade laws, exporters of all sizes must take compliance in consideration. Unfortunately the law doesn’t differentiate between small and large businesses, therefore small businesses can suffer serious consequences should they have a miss-step. DHL is here to help. In fact, we have written several posts about various aspects of compliance including compliance risk procedures, as well as way to avoid clearance delays.
In addition to DHL, there are resources available to assist businesses in understanding compliance regulations:
- The Department of Commerce’s Bureau of Industry and Security hosts an Exporter Portal that includes a range of information about export controls, licensing, red flags, new developments, and country-specific regulations.
- The United States Census Bureau also hosts information and training videos regarding foreign trade.
- In addition, the NEI’s export.gov site includes instructional material and links to regulatory information, including country-specific foreign standards and regulations.
- And, at DHL, our expertise in international shipping led to the creation of our Trade Automation Services, a comprehensive online tool that offers assistance with regulatory compliance information and cost calculation.
These sources, among others, are a great place to start when creating an outline on compliance policies.
What are you go-to sites and sources for compliance issues?
**This article is provided for informational purposes only. It does not constitute legal advice and you are advised to seek your own legal counsel for your specific situation. DHL does not provide legal advice to exporters or to its customers.