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GLOSSARY

Trade Compliance

Adherence to all regulations that a nation imposes on its import and export business.
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What is Trade Compliance?

Trade Compliance is the process of adhering to all laws and regulations for all import and export transactions between the countries involved.

There are several factors that make up trade compliance, including tariff classification, export controls, and customs clearance. Trade compliance helps businesses and importers comply with the law and protects them from financial penalties.

Trade compliance is a significant factor in importing, and drafting compliance manuals for your business can help minimize errors.

Related articles: 

What is Import Compliance? Reducing Risks for Importers 

U.S. Free Trade Agreements: Find Savings Close to Home

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