Industry Leaders Gather at Global Trade Compliance Best Practices Conference
CompTIA Member Qualcomm hosted the 12th Annual Global Trade Compliance Best Practices Conference Sept. 18. In San Diego. The day-long conference, which was attended by 80 industry trade policy and compliance professionals, focused on trade policy and regulatory updates as well as in-depth discussion on the best practices for compliance.
The first industry panel – titled "Pro-active Trade Policy Management in the Post-Globalization Era" – focused on recent developments in Section 201, 232, and 301 investigations, tariffs and free trade agreements, and how companies are staying abreast of and communicating trade policy changes and implications. The panelists also addressed how companies are assessing risks and opportunities with these changes.
The second panel titled "An Era of Trade Enforcement” examined how companies are complying with Trump Administrative actions, new regulations, and new legislation such as the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). Recent sanctions imposed by the Bureau of Industry and Security (BIS), the Office of Foreign Assets Control (OFAC), and new Customs and Border Protection laws and regulations were also analyzed from supply chain requirements through customer screening.
The third panel, "Europe from Brexit to GDPR - Understanding the Implications to Trade Compliance,” looked at the European Union’s General Data Protection Regulation (GDPR) and how it applies to screening and recordkeeping for transactions involving European citizens. With regard to Brexit, panelists addressed the latest news and status and what companies should know in order to prepare operations for determining where to land goods and what licenses might need updating.
In the afternoon sessions, attendees participated in round table discussions on the topics of Deemed Exports, Metrics and Risks, International Traffic in Arms Regulations (ITAR), and New Product Introduction.
Attendees utilize the knowledge and education gained during the conference to strengthen their companies’ internal compliance programs and organizations in order to reduce risks, and avoid any fines or penalties associated with non-compliance with government trade regulations.
For more information on CompTIA's International Policy and Regulatory Compliance Practice, contact Ken Montgomery at kmontgomery@comptia.org.
To find out how you can join CompTIA, contact Michele Weatherly at mweatherly@comptia.org.
