Foreign Trade Regulations (FTR)

Foreign Trade Regulations (FTR) are the rules and laws that govern how goods are imported and exported between countries. They ensure trade is conducted legally, securely, and in compliance with national policies. The FTR covers license requirements, declarations, record-keeping, and restrictions on certain goods. Compliance is essential to prevent illegal activities like smuggling or unauthorized trade, and to facilitate smooth international commerce. Overall, FTR helps maintain order and security in global trade by providing a structured framework for businesses and individuals involved in cross-border transactions.