Introduction to Global Trade Compliance
Understanding the principles of global trade compliance helps personnel in compliance and other key functional areas (e.g., accounting, logistics, talent, purchasing, R&D) understand the opportunities and risks associated with international trade. Topics include key principles of import and export compliance, the government's role in the regulatory framework, and common risk areas that impact business activities.
Prerequisites: CPST 243 or ECON 201, CPST 245 or ECON 202, STAT 103 or ISOM 241, CPST 310 or ACCT 201; Restricted to students in the School of Continuing & Professional Studies.
At the end of the course, the student will be able to 1. Identify the basic regulatory framework for import compliance (e.g., customs valuation, tariff classification and country of origin) 2. Identify the basic regulatory framework for export compliance 3. Explain and understand the role of voluntary cargo security programs (e.g., Customs-Trade Partnership Against Terrorism) 4. Identify and analyze actual import/export compliance risk areas (e.g., free trade agreements and associated eligibility issues) 5. Create and implement a team project that identifies a compliance risk area and presents a cross-functional response to the regulatory risk.
Prerequisites: CPST 243 or ECON 201, CPST 245 or ECON 202, STAT 103 or ISOM 241, CPST 310 or ACCT 201; Restricted to students in the School of Continuing & Professional Studies.
At the end of the course, the student will be able to 1. Identify the basic regulatory framework for import compliance (e.g., customs valuation, tariff classification and country of origin) 2. Identify the basic regulatory framework for export compliance 3. Explain and understand the role of voluntary cargo security programs (e.g., Customs-Trade Partnership Against Terrorism) 4. Identify and analyze actual import/export compliance risk areas (e.g., free trade agreements and associated eligibility issues) 5. Create and implement a team project that identifies a compliance risk area and presents a cross-functional response to the regulatory risk.