Trade Compliance Management

Trade Compliance Management involves ensuring that a company's international trade activities adhere to all relevant laws, regulations, and standards imposed by governments and international bodies. It includes properly classifying products, understanding export and import restrictions, managing tariffs, and maintaining accurate documentation. The goal is to avoid legal penalties, fines, and delays while facilitating smooth cross-border transactions. Essentially, it’s a structured process to ensure that businesses follow global trade rules, protecting them from legal risks and helping to maintain their reputation and operational efficiency.