Importers and exporters utilising TradeFox to identify their type of business and then referencing our compliance library will stand a better chance to comply with trade laws and regulations as their business grows locally and globally. Customs compliance is a reality of doing overseas business, and companies involved in international trade should actively participate or accept the consequences of lengthy delays or penalties through customs check points.

The US or people wishing to trade with the US is a typical example of the concern to protect global supply chains. The introduction of the Sarbanes-Oxley Act demands that companies must have strong internal controls in place to ensure the highest degree of financial accuracy and accountability at all levels of business which includes any import or export activities.

There are also US Customs systems in place, e.g. CTPAT, container security Initiative, conformed compliance and the automated import and export declaration systems that need to be understood so it makes sense for traders to directly oversee their internal and external controls, including customs compliance. Outsourcing these operations does not remove the trader from responsibility for their compliance.

Much of the compliance enforcement implemented by the US branches out to US owned or companies trading with US companies domiciled in other countries and the World Customs Organisation (WCO) has adopted policies on protection of global supply chains which will help develop and flow on the current compliance and security standards into other member countries.

Traders utilising TradeFox can demonstrate globally who they are, who they trade with and what rules they monitor and can work with governments to create compliance transparency to fast track products through customs check points. The act of classification to global standards signals the type of products you sell and the types of products you purchase prior to physical export or imports, that can be used in risk management by government to monitor, advise or inspect consignments outside those classifications.

By adding in your service traders you clarify the customs brokers, freight forwarders, consignment consolidators, shipping companies, airlines and other transport or ancillary services you or your traders utilise to move store and secure products through your supply chain. These traders can be reviewed by governments during a compliance audit or as part of risk management and accreditation by them to you as a low risk trader for express clearance of consignments.

Our current compliance library has over 5000 global alerts linked into the HS level of tariffs for 140 countries to help you with compliance. The Australian library content exceeds 15,000 links to topics in tariffs, legislation, forms, guides, manuals and web pages related to import and export compliance. A proportion of the content in the Australian Library is based around the global rules adopted by trading members where Australia participates, e.g. , World Trade Organisation, APEC, ASEAN, European Union (EU), NAFTA.

Our Trader Navigator lets you identify your company and those you deal with to set up your global supply chains, preview global alerts and add in additional local content as we develop our library into other countries at no additional subscription cost.