As your business begins to enter more and more territories, complexities around international trade regulations will begin to grow. According to Logistics Management, the United States-Mexico-Canada Agreement (USMCA), Brexit, and new U.S. tariffs (U.S.C. Section 201, 232, 301) will provide the biggest challenges to trade through 2019. In addition, it’s important to know and understand the most current information on international sanctions and export controls. The financial impact of violations can be severe, with violations from one Texas company resulting in a penalty of $100 million levied by the U.S. government.
JLB can provide trade consulting in specific countries, helping your global business to stay informed of trade changes and potentially retain a competitive advantage when entering into new markets. In addition, JLB International services can help you stay up-to-date with international trade information, allowing you to access country-specific tariff codes and potentially reduce the risk of import delays and fines.