- Trade regulations are agreements made between nations with the goal of leveling the playing field for global trade.
- The main international body in charge of governing international trade regulations is the World Trade Organization (WTO).
- Tariffs, subsidies, and other technical trade obstacles are just a few of the many themes that are covered by trade regulations.
Fair Trade Act
- The Fair Trade Act is a U.S. law that forbids unfair and dishonest conduct or practices in trade with the intention of preventing unfair competition.
- False advertising, pyramid schemes, and other activities that endanger customers or other businesses are included in this.
Foreign Trade Regulations
- The reporting requirements for goods exports and imports are governed by a series of U.S. government laws called the Foreign Trade laws (FTR).
- The FTR addresses several different subjects, such as the need for reporting, recordkeeping, and licensing.
- All American businesses involved in overseas trade are required to abide by these rules.
International Trade Regulations:
The laws and rules that control trade between nations are referred to as international trade regulations.
- These rules are intended to encourage honest and moral company conduct, safeguard customers and employees, and protect the environment.
- The Global Compact of the United Nations, which lays down guidelines for corporate social responsibility, and the REACH laws of the European Union, which control the use of chemicals in goods sold in the EU, are two examples of international trade regulations.
In summary, each company engaged in international trading must grasp trade legislation. To guarantee that our clients can conduct business smoothly and effectively in the global marketplace, GEO Commerce makes a point of staying current on the most recent trade laws, fair trade statutes, and foreign and international trade regulations.