Good Practice

Minimizing the risks: the delocalization of export and import classifications

The classification of goods, software and technology constitutes a core element (if not THE core element) of companies’ international trade compliance programs.

Accurate classifications can insulate companies from potential trade violations, and position them to take advantage of substantial cost and duty-savings opportunities. Establishing sound and sustainable classification processes for all items that may be exported or imported is no simple undertaking, and organiz­ational approaches to...

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