EVIDENCIA 7: COMPLIANCE WITH FOREIGN LAW

EXECUTION PHASE

CHARITH KATIWSKA HINCAPIE MORENO

Instructor

SERVICIO NACIONAL DE APRENDIZAJE – SENA

TECNOLOGO EN NEGOCIOS INTERNACIONALES
MARCH
2023

EVIDENCIA 7: COMPLIANCE WITH FOREIGN LAW

EXECUTION PHASE

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1. Prepare a vocabulary of at least 10 technical terms in English, with their

respective meaning in Spanish.

 Compensatory: these are rest days that are granted to the worker in compensation
for having worked in certain situations, they are granted when the public
employee usually works on Sundays and holidays or when the public employee
exceeds the maximum monthly overtime hours worked.
 Customs: is a government office of a country located on the border or in ports,
airports or train stations.
 Exporter: An exporter is that businessman or company that is dedicated to selling
its products and/or services to clients abroad.
 Export: are the set of goods and services sold by a country in foreign territory for
its use
 Fines: it is the administrative or criminal sanction consisting of a payment in
money, sometimes expressed as days of fine
 Import: they are the transport of goods and services from abroad, which are
acquired by a country to distribute them within it.
 ISO 9000: ISO 9000 is a set of quality control and quality management
standards, established by the International Organization for Standardization.
 Public Tenders: It is the regulated process through which an organization
publicly discloses a need, requests offers that satisfy it, evaluates these offers and
selects one of them.
 Standards: It is a documented agreement containing technical specifications or
precise criteria that are used.

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 Tariff Rate: A tariff is a tax or levy that applies only to goods that are imported
or exported.

2. Prepare a summary of the text using the different types of sentences.

In the following resume I will talk a little about compliance with foreign law. It is
important that before carrying out an export process and accepting to sell to a
foreign client, we must know the foreign law, many times this law has the intention
of selling. Incorrect information can often result in prohibitions to import the
exporter's product. Some specific examples of this foreign law are: Foreign
manufacturers and trade associations often enact industry standards that this law
enacts. One type of foreign safety standard is the CE mark which is required for the
importation of certain products into the European Community. ISO 9000 quality
standards must be maintained, it is increasingly important for European sales. The
second point is the foreign laws with reference to the fact that the destination
countries of the exports can have absolute quotas on the amount of products that can
be imported. The third is government contracting because competitive bidding and
compliance with invitations to bid and procurement regulations may be required.
The laws of foreign government agencies often promulgate regulations designed for
preferential treatment. Unlike the United States, many nations around the world
have exchange control systems designed to limit the amount of their currency, and
many countries impose a value-added tax at the production and distribution stages.
These foreign countries often enact specialized laws that prohibit the importation of
certain products except in compliance with such laws.

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 3. Record the audio in English, with the summary prepared in the previous

point.

4. Identify and classify the phrases into their different types

Declarative:
- Colombian companies that want to export theri products to other countries,
the first thing to do is to seek advance from third parties, whethever they are
lawyers or government entities.
- In foreign legislation there are sector or industry standards.
Exclamatory:
- Oh¡ Yes, of course.
- Oh¡,I almost forgot to mention the specalized laws.

Interrogative:
o A Colombian company that wants to export good to another country
must know the laws that govern it?

5. Create a graph with which you explain the different examples of compliance

with foreign laws, using the prepositions of place

1. Industry standards; 2. Foreign Customs Laws: It is 3. Government contracting;

One type of foreign safety important to identify the amount Sales to foreign governments,
standard that is becoming of customs duties that will be government agencies, or partly
important is the "CE" mark imposed on the product, which government-owned private
required for importation of certain will involve determining the companies often involve
products into the European correct tariff classification for the specialized procedures and
Community. product under foreign law documentation.
4 extranjeros, agencias
gubernamentales o empresas
privadas de propiedad
 4. Buy the US equivalent; This
may consist of an absolute
preference, or it may be a certain
differential price preference.

; 7. Specialized laws:
5. Exchange Controls and Import 6. Value added taxes: These taxes
Licensing: These nations require are generally applied to imported Foreign countries often enact
an import license to be obtained goods, so the importer, in addition specialized laws that prohibit the
from a central bank or to paying customs duties, must importation of certain products
government in order for pay a value added tax based, except in compliance with such
customers in that country to pay generally, on the customs value laws.
for imported goods plus duties.