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The Bureau of Industry and Security (BIS) is a division of the U.S. Department of Commerce. Its main job is to create rules about what stuff, technology, and services can be sent out of the United States to other countries.
BIS also oversees and makes sure people follow the Export Administration Regulations (EAR). These regulations control how goods, tech, and services are exported, reexported, or transferred from the U.S. to other countries.
It aims to keep sensitive technologies and items out of the hands of people who might harm the country while supporting American businesses in global trade.
BIS works closely with other U.S. government agencies, foreign governments, industry associations, and international organisations to ensure effective export control measures while promoting legitimate trade and technological innovation.
Congratulations! This indicates that you have a well-established trade compliance procedure. Ongoing vigilance and expertise are necessary to achieve and maintain 100% compliance. Despite having comprehensive trade compliance knowledge, navigating the intricacies of import/export regulations can be difficult. Thus, consider getting assistance from industry leaders like iCustoms to serve as your reliable partner throughout the procedure.
Oh, that is alarming! Your answers show that you have some serious mishaps in your trade compliance policies. Reach out to iCustoms to cope with all the issues, whether it be unclear records, missing documents, or lack of established protocols, saving you from fines and penalties during an audit.
You’re halfway there! This figure demonstrates that you have the basic trade compliance procedures in place, but it still needs to be improved. iCustoms can assist you with clear agreements, easy documentation, HS code verification, or any other issue you may face.
Solid progress has been made! It is evident from your response that you have a stable grasp of important areas of compliance. However, there could be some other areas requiring additional attention, which may be internal audit procedures, anti-dumping duties, or others.