Global Trade involves a universe of highly diverse practices, customs and regulations surrounding multinational commerce. Beyond the physical movement of products and materials across geographical boundaries, Global Trade now delves into concepts of access, know-how, and control in ways that are far less familiar in domestic commerce. Regulations that were once country-specific are now becoming interwoven with multi-country reciprocal enforcement initiatives. These and other developments have added an entirely new spectrum of thought and awareness to the former system of international commercial process. Management must incorporate perspectives such as:
- Are my routine import and export processes accurate and complete?
- Am I permitted to do business with these parties?
- Are the products or materials I am buying or selling permitted to be sold in these quantities?
- If my supplier misses a restriction in his or her country, or in a third country, can I be held responsible?
- What will my customers, or their customers do with my products, and how do I protect myself?
- How do I interact with foreign authorities and manage my company’s image and record with them?
- Are my distributors and sales/purchasing agents creating exposure for my firm, and how do I prevent it?
The Redstone Group offers services to assist our clients in developing and executing processes that assure Trade compliance and increase efficiencies and profitability.
Major Components & Service Areas Include:
- Import Transaction Requirements
- Denied & Restricted Parties
- Anti-Boycott
- Global Export Controls & Licensing
- US & Global Import Self-Assessment
- US Export Controls & Licensing
- Embargos and Sanctions (OFAC)
- FDA Trans-boundary Requirements
- Nuclear Regulatory Controls
- Free Trade Agreements
- Hazardous Waste (Trans-boundary)
- Transportation Regulations
- Compliance Manuals & Protocols
- Global Trade Compliance Audits
- Sarbanes-Oxley Support
- Export Transaction Requirements
- Anti-Bribery & Anti-Corruption
- Multi-Country HS Classification
- US C-TPAT Qualification
- Foreign Trade Zones & Sub-Zones
- US Export Downstream Management
- ITAR & Defense Department Restraints
- DEA & Controlled substances & Precursors
- C-TPAT Qualification
- N. & Other Multinational Conventions
- Bilateral Trade Agreements
- Favored Nation Status – Tiered System
- Dangerous Goods Compliance (ADR/IMDG)
- Maritime Risk Assessment & Management
- Global Trade Agency
- GHS Classification & Labeling
Common Ways We Assist Our Clients:
- Issue Resolution – No question or dilemma is too big or too small. Our attention to detail combined with our extensive experience in industry operation settings enable us to craft resolutions that fit your circumstance and business. With a diverse team of highly skilled professionals, we stand ready to respond with urgency and precision.
- Strategy Design & Implementation – Before issues ever surface, we can tailor-make a strategy for your operation that fits perfectly within your normal workflow and expertise.
- Protocol Development – Beyond articulation policy and priority, the detailed workflow elements supporting the compliance measures must be crafted in a step-by-step procedure, and extended to all related departments and divisions. This together with supporting documentation, and suggested commercial document provisions are all services that we provide.
- Outsourced Compliance Functions – Sometimes one or more elements of a compliance regimen are better placed with us as an outsourced service or management. FTA qualification and the evaluation and maintenance of supporting documentation, or Global HS Classification updating are examples.
- Trade Agent Representation – Managing your relationships with various governing agencies, especially in foreign jurisdictions, can be difficult and time consuming. Proactively nurturing these relationships and refining your firm’s compliance profile is one of our strengths.
- Compliance Audit and Corrective Action – Perhaps the best way to start is by providing an evaluation of how your firm’s commercial practices compare to external requirements and best practices, and how the actual practice compare to those you have internally prescribed. We provide a minimally intrusive review of key areas that will provide you with a detailed written evaluation that can help target your development priorities to achieve best value in your use of resources.