Q&A: Exporting Goods Internationally

by Pete Simons

Q: My company is planning to start exporting goods internationally. What are the legal considerations?

A: 1) Determine if your products or services fall under Export Administration Regulations or International Traffic in Arms Regulations.

2) Screen your international transactions to ensure you are not violating federal economic sanctions that prohibit trade with designated countries and individuals—such as the embargoes against Iran and Cuba.

3) Know that U.S. law prohibits companies from bribing foreign officials for purposes of obtaining or keeping business. You should speak with a knowledgeable attorney to better understand how these rules specifically apply to your business and for guidance in developing compliance policies to avoid the significant penalties that can be imposed for violations.

 

Originally published in the Portland Business Journal.