GLOBAL TRADE COMPLIANCE INB 3305GLOBAL BUSINESS BAYLOR BUSINESS

GLOBAL TRADE COMPLIANCE INB 3305–GLOBAL BUSINESS BAYLOR BUSINESS SCHOOL NOVEMBER 15, 2017 DANIEL MARK OGDEN, ESQ. Attorneyand Counselor at. Law Licensed Customs Broker International. Trade. Consultant

OVERVIEW OFPRESENTATION Ø What is global trade compliance? Ø What are the subjects of global trade compliance? Ø Why is global trade compliance important? Ø Career opportunities in global trade compliance Ø List ofglobal tradecompliance resources

WHAT ISGLOBAL TRADE COMPLIANCE Ø Global grade compliance involves requirements that firm engaged in international business and trade mus comply with in order to successfullyengage in such business and trade Ø Global trade compliance requirements are primarily created by governmental regulation Ø A failure to comply with such regulatory requirement may lead to a disruption of business, penalties, and even criminal prosecution

WHAT ISGLOBAL TRADE COMPLIANCE Ø Overall Approach- Risk Management Ø Global trade compliance creates legal risks Ø All legal risks, including globaltrade compliance, need to be proactively managedin the same manner as any other business risk Ø The management of global trade compliance risks should be an integral componentof an international business strategy

SUBJECTS OF GLOBAL TRADE COMPLIANCE Ø Export Controls& Regulations Ø Import Regulations Ø Foreign Trade Regulations Ø Anti-Bribery Regulations

EXPORT CONTROLS &REGULATION Ø What- requires controlled products & technology listed o the Commerce Control List (commercial items) or the U. S Munitions List (military items) to be licensed for export under certain conditions Ø 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) Ø 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

IMPORT REGULATIONS Ø 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 Ø Who- Customs & Border Protection and Immigratio & Customs Enforcement(Title 19 CFRCustoms Duties) Ø Why- designedto raise revenue by imposing duties on imports, protect domestic industry from foreign competition, and provide consumer protection

FOREIGN TRADE REGULATIONS Ø What- importlicenses/quotas/specialduties; labeling/packaging/marking requirements; consumer product health &safety requirements; product & qualitystandards requirements; product warranty & specification requirements; agent/distributor requirements; intellectual property protectionrequirements Ø Who- foreign governmental agencies Ø Why- designed to protect domestic industry from foreigncompetitionand provide consumer protection

ANTI-BRIBERY REGULATIONS Ø What- prohibits payments to foreign governmental officials, agencies, or enterprises in order to obtain business in that country or elsewhere Ø 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) Ø Why- designed to promote a level playing field amon international firms competing for business

WHY IS GLOBAL TRADE COMPLIANCE IMPORTANT Ø 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 Ø Global trade compliance can provide a competitive advantage in international business Ø Global tradecompliance indicates a standard of business ethics that can lead to business goodwill

CAREER OPPORTUNITIES IN GLOBAL TRADE COMPLIANCE Ø Global trade compliance is receiving an increasing emphasis in U. S. international firms Ø Global trade compliance is also increasingly being understood as a management function Ø 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

CAREER OPPORTUNITIES IN GLOBAL TRADE COMPLIANCE Ø Managers in anyfunctionalarea of international business (finance, marketing, logistics, accounting, production, etc. ) need to have a general awareness o global trade compliance Ø Small international firms often will add global trade compliance responsibilities to various management positions as an additional role Ø Medium and large international firms will usually have specific positions for global trade compliance management

CAREER OPPORTUNITIES IN GLOBAL TRADE COMPLIANCE Ø Baylor Business School will offer a course in Global Trade Compliance in the Spring, 2018 Semester. Tuesdays, 3: 30 -6: 00 PM Ø Licensed Customs. Brokerwww. cbp. gov/sites/default/files/documents/icp 048 _3. pdf

GLOBAL TRADE COMPLIANCE RESOURCES Ø U. S. Export Controls- www. bis. doc. gov Ø Foreigntrade barriers-tsapps. nist. gov/notifyus/data/index. cfm Ø U. S. Customs- www. cbp. gov Ø World Trade. Organization-www. wto. org Ø World Customs Organization-www. wcoomd. org Ø World Intellectual Property Organization-www. wipo. org Ø Resources- internationaltradeattorney. com: 8008/Links. htm Ø Articles-internationaltradeattorney. com: 8008/Articles. htm

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 972. 417. 1916 (voice) 972. 674. 8300 (fax) www. internationaltradeattorney. com daniel. ogden@internationaltradeattorney. com Twitter: tradeattorney © 2017 Daniel Mark Ogden. All Rights Reserved.