Mistakes happen. We’re all human, so naturally we’re prone to oversights, slipups, misjudgments and more. No one is perfect. Unfortunately, human fallibilities too often cause serious and impactful problems when businesses seek to export items to foreign countries.
Businesses that seek to sell goods or services to the U.S. Department of Defense or foreign governments – i.e., defense contractors and subcontractors – know this reality all too well. After all, U.S. export controls are as voluminous as they are complex. Some controls even defy common sense—yet they are the rules and must be followed. Consequently, defense contractors and subcontractors often feel overwhelmed by a litany of issues.
Export Control Reform for Firearms and Ammunition Businesses – Learn How to Adapt to Important Changes to ITAR and EAR Compliance Regulations
Like all businesses seeking to export items abroad, firearms and ammunition manufacturers must comply with stringent U.S. export control regulations.
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.