Actividad de aprendizaje 11

Evidencia 7: Compliance with foreign law

YURI MARCELA VERA OSORIO

PROFESOR:
ANGEL LIBARDO MOLINA

SERVICIO NACIONAL DE APRENDIZAJE SENA

NEGOCIACIÒN INTERNACIONAL
BOGOTÁ D.C
2020
VOCABULARY

 Exportar = To export
 Leyes = Laws
 Aseguramiento = Assurance
 Productos = Products
 Normas = Rules
 Seguridad = Security
 Evaluación = Evaluation
 Multas = Fines
 incautación = seizure
 Calidad = Quality
 Estándares = Standards
 Procedimientos = Procedures
 Documentación = Documentation
 Resolución = Resolution
 Aduanas = Customs
 Contratación = Contracting
 Licencias = Licenses
 Impuestos = Taxes
 Importador = Importer

SUMMARY

It is important to know the foreign laws before exporting so as not to affect the sale, the
information on the foreign law can be obtained from the client or distributor to whom it is
intended to sell the product, if the information provided to the exporter is not true, it can
pay a high price for having relied solely on customer advice.
You may be prohibited from importing the product or the client cannot resell the product
causing losses, the exporter can confirm the advice of its clients with third parties such as
Lawyers, Banks or Government Agencies to be sure of the understanding of foreign laws.

Standards can be identified even before manufacturing of the product to be sold for
export or modifying the product before shipment.
Products that do not comply with established directives are subject to seizure and
evaluation of fines. The manufacturer can perform its own conformity assessment and
declare compliance in most cases, on some products the manufacturer is required to
contract with a certified certification service company to conduct the conformity
assessment. The manufacturer must have a technical construction file to support this
statement.
Customs and foreign laws in export destination countries may have quotas on the amount
of products they can import, products that exceed the quota cannot be exported. Having
established the amount of customs duties that were evaluated on the product for a
correct tariff classification for the product, to determine if the tariff rate will be so high
and thus assess whether sales of the product are successful in the destination country,
confirming that no countervailing anti-dumping or other customs duties are imposed.
When there is doubt about the tariff classification, you can request an administrative
resolution from the foreign customs agency, this will take time, which is why the seller and
buyer must adjust production and delivery plans.
Government Procurement Sales to foreign governments, government agencies, or
partially government-owned private businesses often involve specialized procedures and
documentation. Public tenders and compliance with invitations to tender and acquisition
regulations, and the provision of tender bonds, performance bonds, guarantees, among
others.
The purpose of laws and foreign government agencies is often to enact regulations that
are designed to give preferential treatment to products supplied by manufacturers.

PHRASES IN THEIR DIFFERENT TYPES

1. A US company must know foreign laws.
2. Incorrect information about foreign law may lead to an import ban.
3. One type of foreign safety standard that is becoming important is the "CE" mark.
4. The manufacturer can carry out its own conformity assessment.
5. ISO 9000 quality standards are increasingly important to sales.
6. Many countries have severe penalties for import violations.
7. Public tenders and compliance with invitations to tender and procurement
regulations.
8. Government purchases may qualify for customs duties
9. It is mandatory to determine if such agency laws or regulations exist for your
company's products.
10. Many nations of the world have exchange control systems designed to limit the
amount of their currency.
11. Many countries impose a value added tax.
12. When the importer marks and resells the products, he will collect the buyer's tax.
Foreign countries often enact specialized laws that prohibit the import of certain
products.