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Trade compliance refers to the process of following the rules and regulations that govern international trade. These rules and regulations are set by government agencies, such as the U.S. Department of Commerce and the U.S. Customs and Border Protection, and are designed to ensure that trade is conducted in a fair, safe, and secure manner. The importance of trade compliance cannot be overstated, as violations can result in significant consequences for businesses, including fines, penalties, and even criminal charges.
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Tariffs have been a topic of much discussion in recent years, particularly with the increasing global trade tensions and changes in policies. As an importer, it's crucial to understand how tariffs work and how to effectively manage them to minimize their impact on your business. In this blog post, we'll explore the basics of tariffs, how they're calculated, and strategies for managing them effectively.
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As an exporter, it is important to avoid common mistakes in order to ensure success in the global marketplace. Here are some of the biggest mistakes that US exporters make
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