The (High) Cost of Non- Compliance Due to Import-Export Trade Policy
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The (High) Cost of Non- Compliance Due to Import-Export Trade Policy
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"If you think compliance is expensive - try non-compliance.”- said Paul McNulty- a Former U.S. Deputy Attorney General of the US Department of Justice. There is a lot of implications in that statement, and today’s topic is about the significance of having an import- export compliance policy especially for manufacturing and commercial business dealing with the international trade shipping and compliance. Let me outline at least four basic reasons- it’s a must- have to have a well-written implementing rules and policy.
References mentioned in this topic:
1) Risk and Compliance: https://www.dowjones.com/professional/risk/glossary/trade-compliance
2) U.S. CBP: U.S. Customs and Border Protection | Securing America's Borders (cbp.gov).
3) Music Background: “Sailor” by Vision String Quartet.