1. Global Trade Compliance
INB 3305–Global Business
Baylor Business School
November 15, 2017
Daniel Mark Ogden, Esq.
Attorney and Counselor at Law
Licensed Customs Broker
International Trade Consultant

2. Overview of Presentation
What is global trade compliance?
What are the subjects of global trade compliance?
Why is global trade compliance important?
Career opportunities in global trade compliance
List of global trade compliance resources

3. What is Global Trade Compliance
Global grade compliance involves requirements that a firm engaged in international business and trade must comply with in order to successfully engage in such business and trade
Global trade compliance requirements are primarily created by governmental regulation
A failure to comply with such regulatory requirements may lead to a disruption of business, penalties, and even criminal prosecution

4. What is Global Trade Compliance
Overall Approach- Risk Management
Global trade compliance creates legal risks
All legal risks, including global trade compliance, need to be proactively managed in the same manner as any other business risk
The management of global trade compliance risks should be an integral component of an international business strategy

5. Subjects of Global Trade Compliance
Export Controls & Regulations
Import Regulations
Foreign Trade Regulations
Anti-Bribery Regulations

6. Export Controls & Regulation
What- requires controlled products & technology listed on the Commerce Control List (commercial items) or the U.S. Munitions List (military items) to be licensed for export under certain conditions
Who- Commerce Dept. Bureau of Industry & Security (Export Administration Regulations, aka EAR) and State Dept. Defense Directorate for Trade Controls (International Traffic in Arms Regulations, aka ITAR)
Why- designed to prevent certain goods, services and technology from being acquired by countries and persons which are deemed to be detrimental to national security and foreign policy objectives

7. Import Regulations
What- requires imported goods to classified by type and country of origin in order to determine duties owed on goods and specifies procedures for goods to be cleared through Customs
Who- Customs & Border Protection and Immigration & Customs Enforcement (Title 19 CFR Customs Duties)
Why- designed to raise revenue by imposing duties on imports, protect domestic industry from foreign competition, and provide consumer protection

8. Foreign Trade Regulations
What- import licenses/quotas/special duties; labeling/packaging/marking requirements; consumer product health & safety requirements; product & quality standards requirements; product warranty & specification requirements; agent/distributor requirements; intellectual property protection requirements
Who- foreign governmental agencies
Why- designed to protect domestic industry from foreign competition and provide consumer protection

9. Anti-Bribery Regulations
What- prohibits payments to foreign governmental officials, agencies, or enterprises in order to obtain business in that country or elsewhere
Who- enforced by the Justice Department and the Securities and Exchange Commission in the case of publicly traded corporations (Foreign Corrupt Practices Act aka FCPA)
Why- designed to promote a level playing field among international firms competing for business

10. Why is Global Trade Compliance Important
Penalties range for violations of global trade compliance laws and regulations range from civil penalties and criminal fines and imprisonment to denial of export privileges or seizures of imports
Global trade compliance can provide a competitive advantage in international business
Global trade compliance indicates a standard of business ethics that can lead to business goodwill

11. Career Opportunities in Global Trade Compliance
Global trade compliance is receiving an increasing emphasis in U.S. international firms
Global trade compliance is also increasingly being understood as a management function
This increasing emphasis and understanding is leasing to more opportunities for business school graduates, particularly for those who have training and education in this field

12. Career Opportunities in Global Trade Compliance
Managers in any functional area of international business (finance, marketing, logistics, accounting, production, etc.) need to have a general awareness of global trade compliance
Small international firms often will add global trade compliance responsibilities to various management positions as an additional role
Medium and large international firms will usually have specific positions for global trade compliance management

13. Career Opportunities in Global Trade Compliance
Baylor Business School will offer a course in Global Trade Compliance in the Spring, 2018 Semester- Tuesdays, 3:30-6:00 PM
Licensed Customs Broker-

14. Global Trade Compliance Resources
U.S. Export Controls-
Foreign trade barriers- tsapps.nist.gov/notifyus/data/index/index.cfm
U.S. Customs-
World Trade Organization-
World Customs Organization-
World Intellectual Property Organization-
Resources- internationaltradeattorney.com:8008/Links.htm
Articles- internationaltradeattorney.com:8008/Articles.htm

15. Global Trade Compliance
Contact Information
Daniel Mark Ogden, Esq.
Attorney and Counselor at Law
Licensed Customs Broker
International Trade Consultant
1000 E. Belt Line Rd., Suite 206
Carrollton, Texas 75006
(voice)
(fax)
Twitter: tradeattorney
© 2017 Daniel Mark Ogden. All Rights Reserved.