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The critical role of global trade compliance

Segev Shani ( is Chief Compliance & Regulatory Officer at Neopharm Ltd., Petach Tikva, and Senior Lecturer at the Department of Health Systems Policy & Management & School of Pharmacy at Ben-Gurion University in Beer Sheva, Israel.

International trade laws include export controls, economic sanctions and embargoes, customs and import controls, and antiboycott requirements. These are used by national governments and international organizations throughout the world to safeguard national security, prevent proliferation of weapons of mass destruction, support foreign policy objectives, protect economic security interests, ensure the public’s health and safety, and meet other standards.

International trade requirements touch almost every organization that buys or sells products, services, software, or technical data from/to other countries. Every such organization must conduct its business in full compliance with all domestic and international trade laws and regulations; failure to meet these obligations may result in significant civil and criminal penalties, disrupt business initiatives, delay fulfillment of on-time deliveries to customers, and damage the organization’s reputation.

The aim of this article is to describe international trade requirements and the processes to be implemented by an organization in order to assure trade compliance. To manage supply chain compliance requirements efficiently and effectively, organizations need not only the knowledge, access to information, and ability to interpret the impact of existing compliance requirements, but they must also have the capability to adapt to new and rapidly emerging requirements.

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