|Current listings of all import regulations including licenses, permits, inspections, quotas and other restrictions|
Embargo and Sanction Identification
|Highlight specific barriers from the country of import such as absolute embargoes, prohibitions or other trade sanctions|
Comprehensive Country Logic
|Identify applicable import restrictions for products manufactured or exported in certain countries|
|Capture import restrictions established by specific government published trade regulations for 145 countries|
Issues and Challenges
The appeal of sourcing low cost goods from foreign markets and balancing supplier risk has bolstered imports around the world. Along with these advantages, however, come a host of challenges.
Importers must collaborate with extended trading partners (suppliers, brokers, carriers, freight forwarders, etc.) to ensure complete and accurate information accompanies inbound shipments and documents, and that other information is readily available to the parties that need it. Companies must also stay abreast of dynamic, country-specific import regulations to avoid regulatory violations and penalties. Poor planning and execution leads to delays and increased costs and customs.
The nature of global trade makes it nearly impossible for companies to manage imports manually and stay current with ever-changing import regulations.
How Amber Road Can Help
Amber Road's network of In-Country Content Providers (ICCP) and trade specialists monitor and screen government trade regulations worldwide. Actively monitoring various country import regulations can require many hours of manual interpretation of trade rules and regulations. With Global Knowledge®, organizations can automate their import trade content process and gain up-to-date access to the most accurate import regulatory requirements for 147 countries. By automating key tasks such as product classification, import regulatory controls, trade party screening and landed cost calculation, global organizations can reduce the costs of trade, improve import compliance and profitably develop new markets.
Organizations buying or selling goods globally are overwhelmed with complexity. And the mountain of legalese and red tape required to establish and maintain compliance with government regulations.
Amber Road maintains the most comprehensive and robust database of global trade content, government regulations, and international business rules available today. We cover over 145 countries, roughly 95% of world trade making our trade content and content management process the best in the industry. We call it Global Knowledge® and it’s tightly integrated within our suite of global trade management software.
"As a multinational technology leader, screening is critical to our business. We selected Amber Road to help us comply with global export regulations because of its complete and up-to-date list coverage."
Director, Regulatory Compliance and Senior Counsel