Why Do Countries Provide Financial Incentives? Understanding Trade Barriers, Limiting Imports, Setting Standards, and Restricting Trade

In the realm of international commerce, trade barriers and trade incentives are two essential concepts that shape the dynamics of global trade. Each plays a pivotal role in promoting or hindering economic growth, shaping industry landscapes, and determining the competitiveness of nations in the global market. Understanding the concepts of trade barriers and trade incentives … Read more

Unpaid Tariffs For DDP Imports: What You Need to Know

In today’s global marketplace, Delivered Duty Paid (DDP) shipping has become increasingly popular among businesses seeking to simplify international trade. While this shipping method promises convenience by having the seller handle all costs up to the buyer’s doorstep, beneath this seamless facade lurk significant risks that many companies overlook. Understanding the hidden dangers of unpaid … Read more

Customs Clearance

Customs clearance is your top focus once a shipment has departed from a particular country. Your professional reputation and bottom line are depending on you. But rather than be a source of stress, it should be an exciting time. Because the overall importing process is nearing its final stage. Take a second to pre-celebrate now … Read more

Importing Medical Devices to the US: A Primer

As the medical device industry continues to grow globally, more companies are looking to import their products here. The U.S. market is one of the largest in the world, with a high demand for advanced technology. However, importing these products can be a complex process that requires careful planning. And obedience to strict regulations. In … Read more

What is an Importer of Record?

New importers may believe that they should handle the entire process. All by themselves. But veteran shippers understand customs requirements demand a legal entity. We want you to join their ranks. Back in 1993, Customs and Border Protection (CBP) created the role to help you get there. An importer of record. By the end of … Read more

What are the Penalties for Violating Export Control Laws and Regulations

“Those vials wouldn’t happen to contain bubonic plague would they?” asked the security official. “O no sir, they are just regular diseases,” replied the college professor. Back in 2003, a teacher at Texas Tech University was subject to criminal penalties for lying about vials from Tanzania. His willful violation resulted in 2 years of prison … Read more

Export Restrictions to China: A Primer

Entrepreneurs have always desired to open up new international markets.  But trading with nations under sanctions adds red tape. In 2020, we shipped $124.5 billion worth of goods to China.  This was a 17% increase from the previous year. Since then, our business dealings with the nation have only grown. By the end of this … Read more

Trade War vs. Economic Sanctions

In the complex world of international relations and global economics, the terms “trade war” and “economic sanctions” have become increasingly prevalent. While these two phenomena share some similarities, it is important to recognize their distinctive characteristics and understand their impact on economies, industries, and people around the world. Introduction to Trade Policies Trade policies are … Read more

Most Favored Nation (MFN) vs. National Treatment

Two flags

Most Favored Nation (MFN) and National Treatment are two important concepts in international trade that play a significant role in shaping trade policies and promoting fair competition among nations. Understanding the basics of MFN and National Treatment is crucial for policymakers, economists, and businesses to navigate the complexities of global trade. The implications of MFN … Read more

When to Get an Export License

Reidellawfirm.com | When to Get an Export License

Trading outside of the United States is exciting.   It opens you up to new markets.  But it also presents unknowns. And plenty of questions. “What are some typical criteria for obtaining an export license?” Naturally, you want to resolve doubts about how regulations might affect your business. That’s why we’ll attempt to answer your most … Read more