Millennials in Trade Compliance

The US Bureau of Industry and Security (BIS) recently published a final rule in the Federal Register, amending the Export Administration Regulations (EAR). These changes reflect the agreements made by the participating countries in the Nuclear Suppliers Group (NSG) in 2019 and 2022. This regulatory update involves the revision of five current Export Control Classification…

In every organization—business, political, social, household—there is what’s often described as an unsung hero. An individual who plays a pivotal role but is often overlooked or uncelebrated within global organizations engaged in international trade. Perhaps one of the most under-celebrated and under-appreciated is the compliance manager. For the uninitiated, a trade compliance manager is someone who deals…

The recent conflict between the Congress and the executive branch over the U.S.-Taiwan Initiative on 21st Century Trade is an essential issue for U.S trade policy. The executive branch has argued that trade agreements do not require congressional approval, causing the Congress to pass a bill that approved the first phase of the U.S.-Taiwan deal…

In a recent report released by the World Trade Organization (WTO), the issue of import tariffs and their disproportionate impact on low-income households has come into sharp focus. The report highlights that these tariffs tend to place a heavier burden on economically disadvantaged individuals and families, countering the misconception that open markets are contributing to…