Introduction:

  The Trade Compliance and International Regulations training course provides professionals with the knowledge and tools needed to navigate the complex regulatory landscape governing global trade. This course covers key areas of trade compliance, including import and export controls, sanctions, customs procedures, and documentation requirements. Participants will learn to identify and mitigate compliance risks in international trade, establish effective trade compliance programs, and understand the regulations enforced by bodies like the World Trade Organization (WTO), the U.S. Office of Foreign Assets Control (OFAC), and the EU.

Objectives:

• Understand the fundamentals of trade compliance, including export controls, sanctions, and customs regulations.
• Gain proficiency in managing import/export documentation, tariff classifications, and country of origin determinations.
• Learn techniques for conducting risk assessments, internal audits, and trade compliance monitoring.
• Develop skills for creating and managing trade compliance programs that meet international regulatory standards.
• Enhance communication skills for reporting trade compliance issues to internal and external stakeholders.

Who Should Attend? This course is ideal for:

• Trade compliance officers, import/export managers, and logistics professionals.
• Risk managers, internal auditors, and compliance professionals in multinational organizations.
• Legal and finance professionals involved in managing international trade compliance.
• Executives and managers responsible for overseeing global supply chain operations.
• Any professional seeking to build or strengthen trade compliance skills.

Day 1: Foundations of Trade Compliance and Regulatory Overview

• Introduction to Trade Compliance: Understanding the importance, objectives, and key concepts in trade compliance.
• Global Trade Regulations and Organizations: Overview of the WTO, OFAC, EU regulations, and regional trade agreements.
• Export and Import Compliance Essentials: Basic principles, including controlled goods, restricted parties, and dual-use items.
• Understanding Sanctions and Embargoes: Key principles of economic sanctions, embargoes, and restricted country lists.
• Workshop: Case study on understanding trade compliance risks and defining a compliance framework for a multinational company.

Day 2: Export Controls, Licensing, and Documentation

• Export Control Regulations: Detailed overview of EAR (Export Administration Regulations) and ITAR (International Traffic in Arms Regulations).
• Licensing and Authorization: Procedures for obtaining licenses and determining licensing requirements for controlled exports.
• Documentation and Record-Keeping Requirements: Understanding the export documentation required for compliance.
• Country of Origin and Classification: Techniques for classifying products and determining country of origin for trade compliance.
• Practical Exercise: Conducting an export compliance check and preparing the necessary documentation for a hypothetical export transaction.

Day 3: Import Compliance, Customs, and Valuation

• Customs Regulations and Entry Procedures: Navigating customs regulations, tariff schedules, and import procedures.
• Tariff Classification and Harmonized System (HS) Codes: Understanding HS codes and proper tariff classification.
• Customs Valuation and Transfer Pricing: Techniques for determining customs value and handling transfer pricing in related-party transactions.
• Import Documentation and Record-Keeping: Managing required import documentation, including commercial invoices and bills of lading.
• Hands-on Lab: Conducting a customs compliance check for an imported product, including tariff classification and valuation.

Day 4: Risk Assessment, Sanctions Compliance, and Internal Controls

• Conducting Trade Compliance Risk Assessments: Identifying and prioritizing trade compliance risks.
• Screening and Due Diligence: Techniques for screening restricted parties, suppliers, and customers.
• Sanctions and Embargoes Compliance: Developing policies for compliance with OFAC, EU, and UN sanctions.
• Internal Controls and Monitoring: Implementing internal controls, audits, and monitoring systems for trade compliance.
• Practical Exercise: Performing a risk assessment and designing an internal control plan for a simulated trade scenario.

Day 5: Trade Compliance Program Management, Reporting, and Continuous Improvement

• Developing a Trade Compliance Program: Core elements of a trade compliance program, including policies, training, and monitoring.
• Training and Awareness for Trade Compliance: Creating and implementing training programs for employees and third parties.
• Reporting to Regulators and Authorities: Structuring and maintaining documentation for customs and export authorities.
• Adapting to Changes in Global Trade: Staying informed about changes in tariffs, sanctions, and trade agreements.
• Final Workshop: Preparing and presenting a comprehensive trade compliance report for a simulated organization, including policies, controls, and risk management measures.

Conclusion and Assessment: Participants will complete a final assessment to demonstrate their understanding of trade compliance and international regulatory requirements. A feedback session will allow participants to discuss insights, share best practices, and identify actionable steps for implementing trade compliance programs within their organizations.