What are the rules governing import/export of goods and services?

When goods and services cross international borders, they must comply with international trade laws, which vary depending on where they are being imported/exported to and from. In Oregon, the law governing imports and exports is the Export Administration Regulations (EAR). This sets the conditions and requirements for importing and exporting goods and services both into and out of the United States. The EAR is enforced by the U.S. Department of Commerce and it provides the legal framework for trade between the United States and other countries. It covers goods, services, and technologies imported/exported for both commercial and non-commercial purposes. The main rules of the EAR are: that goods and services must be exported/imported from the United States through an approved export/import carrier; that goods and services must not be exported/imported if they are on the U.S. Department of Commerce’s list of prohibited exports/imports; that goods and services must not be exported/imported without obtaining the necessary export/import licenses; and that goods and services must not be re-exported/imported without the approval of the Department of Commerce. If Oregon businesses fail to comply with these rules, they may be subject to civil and criminal penalties, including possible fines and jail time. For this reason, it is important for businesses to understand the laws and regulations governing international trade and to consult with an experienced attorney if they have any questions.

Related FAQs

What is the most effective way for a country to protect its domestic industries?
What are the disadvantages of increasing trade barriers?
What is the role of the WTO in setting standards for international trade?
What is the role of the WTO in combating counterfeiting and piracy?
What are the key elements of an international trade agreement?
What is the Trans Pacific Partnership (TPP)?
What is the Doha Development Round?
What is the difference between a boycott and a trade embargo?
What is the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs)?
What is the International Monetary Fund (IMF) and what role does it play in international trade?

Related Blog Posts

Introduction to International Trade Law & Its Benefits - Key Considerations for Businesses - July 31, 2023
A Comprehensive Overview of WTO Rules and Regulations - August 7, 2023
Navigating the Tangled Web of International Trade Regulation - August 14, 2023
The Different Types of International Trade Agreements - August 21, 2023
Using Investment Treaties to Facilitate Cross-Border Transactions - August 28, 2023