It takes more than just one or two trained associates for a business to truly succeed in complying with the complex assortment of U.S. export controls. Rather, personnel across the organization – from the C-suite to operations, shipping and logistics, engineering and more – should be equipped with enough export compliance knowledge to identify potential issues or violations within their particular scope of activity before they become costly problems.
Export Compliance Training Institute Announces New Export Compliance Awareness Training for Businesses
Basics Training Designed to Help Key Business Stakeholders Avoid Costly Mistakes HARRISONBURG, VIRGINIA – The Export Compliance Training Institute (ECTI), a leading provider of export controls compliance training for businesses, organizations and institutions,...
In some areas of commerce, penalties for non-compliance with established rules, regulations and controls can be relatively minor. In such cases, they do little to discourage deviance.
Aerospace consistently ranks among the top U.S. export industries. American companies sell about $148 billion worth of commercial airliners, satellites, military aircraft, engines, components, and more to customers abroad. At the same time, aerospace is among the industries most affected by export controls.
Exporting tangible items, software, technical data and services that your organization produces can be a lucrative endeavor these days—and a key competitive advantage in a highly competitive marketplace. The problem is, complying with U.S. export controls is a complex undertaking—and nothing, not even the smallest detail, can be left to chance.
It is well known that China is a top source of U.S. goods imports. What isn’t as widely publicized is that China is a top destination for U.S. exports. In fact, U.S. firms export $180 billion in goods and services to China each year, which represents an increase of over 500% since China joined the World Trade Organization in 2001.
Complying with U.S. export regulations is no easy task. If you are the person in your organization who’s responsible for handling export compliance issues and ensuring successful compliance, there’s a lot riding on your shoulders. Failure to achieve compliance could put your organization at unnecessary risk of financial penalties, and non-compliance can also result in substantial loss of time, money and effort.
The Export Compliance Basics of ITAR and EAR – Understanding Key Terms, Issues, Similarities and Differences
No two companies are alike, and the items they seek to export are also unique. That said, this article is designed to provide you with a basic overview of ITAR and EAR export control regulations as they pertain to goods, software, technologies and services.
By: Johanna Reeves, Esq., firstname.lastname@example.org; Reeves & Dola LLP. www.ReevesDola.com After almost ten long years of fits and starts and Congressional holds, today the U.S. Departments of State and Commerce released their...
On January 6, 2020 The Bureau of Industry and Security (BIS) published an interim final rule amending the Export Administration Regulations (EAR) to classify software specially designed to automate the analysis of geospatial imagery under the Export Control...