Professional Documents
Culture Documents
1. Compliance: Conformidad
3. Enacted: promulgada
4. Assessment: evaluación
5. Enforcement: aplicación
6. Duties: deberes
7. Bidding: ofertas
8. Barter: Permuta
9. Enact: promulgar
Company should be aware of any foreign laws that might affect the sale, Information
about foreign law often can be obtained from the customer or distributor to which the
U.S, However, if the customer or distributor is incorrect in the information that it gives to
the exporter, the exporter may pay dearly for having relied solely upon the advice of the
customer.
Incorrect information about foreign law may result in the prohibition of importation of the
exporter’s product, customers often overlook those things that may be of the greatest
concern to the exporter. Foreign manufacturers and trade associations often promulgate
industry standards that are enacted into law or that require compliance in order to sell
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successfully there, One type of foreign safety standard that is becoming important is the
‘‘CE’’ mark required for the importation of certain products into the European
Community. The European Community has issued directives relating to safety standards
for the following important products: toys, simple pressure vessels and
compatibility, low voltage products, and medical devices, The countries of export
destination may have absolute quotas on the quantity of products that can be imported.
agencies often promulgate regulations that are designed to give preferential treatment to
products supplied by manufacturers in their own country, Unlike the United States, many
nations of the world have exchange control systems designed to limit the amount of their
currency that can be used to buy foreign products, Many countries impose a value-added
tax on the stages of production and distribution, Foreign countries often enact specialized
laws prohibiting the importation of certain products except in compliance with such laws.
Link: https://soundcloud.com/deibys-bovea/compliance-with-foreign-law
1. Unfortunately, customers often overlook those things that may be of the greatest
3. whether an exchange control system exists and an import license is necessary in the
foreign country