Exports: AES Compliance Report From Global Reach: What is an AES Compliance Report? An AES Compliance Report gives you a snapshot of how your company performed in complying with the Foreign Trade Regulations (FTR) over the previous three months. What does it look like - check out the sample in this post. At the top of the AES Compliance Report it shows the date that … [Read more...]
Company Fined $20 Million For Export Violations
The State Department fined Esterline Technologies, an aerospace and defense technology company, $20 Million for inadequate export controls that led to the unauthorized export of defense articles and technical information. DTCC [Office of Defense Trade Controls Compliance] concluded that many of the alleged violations occurred because Esterline did not properly establish … [Read more...]
St. Patrick’s Day & Logistics
HAPPY ST. PATRICK'S DAY!!! There are just about 35 million Americans that claim to be Irish! That is over seven times the entire population of Ireland! All of those 35 million, plus the millions of non-Irish Americans will celebrate full force today - in addition to celebrations over the weekend. All in honor of Ireland’s patron saint. Between green beer, parades, … [Read more...]
Export Basics: Identify Your Market
Export Basics: Identify Your Market [4th in the series] To successfully export your product(s), you should research foreign markets. The next step includes market research. The results of the research should provide the following: From the Basic Guide to Exporting~ The largest markets for your product and the fastest-growing markets Market trends and … [Read more...]
California Company Fined For Illegal ‘Deemed Exports’
California Company Fined For Illegal 'Deemed Exports' The Bureau of Industry and Security (BIS) fined Intevac, Inc. the amount of $115,000 for violations of the Export Administration Regulations (EAR), that includes "deemed exports," releases of controlled technology made to a foreign national located in the U.S. Intevac voluntarily disclosed the unauthorized release of … [Read more...]