Case: D3 | Critical product requirements

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Check and double check

08-04-2022 313 views 0

D3 | Critical product requirements

Is export just a matter of shipping goods to a foreign country in exchange for money? If things were that easy, everyone would do it.

First, you must fully understand the legal requirements that apply to your product(s).

There are some basic steps you will want to take once you make the commitment to sell your product internationally. License requirements are dependent upon four criteria:
an item’s technical characteristics, the destination, end use and end user.

Therefore, you have to investigate if any export compliance regulations apply for your product. Mind that even the smallest businesses that send their products to customers outside the country are subject to a variety of export regulations and could face substantial penalties for those violating these rules.

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export management

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Assignments for students

What to do?

You need to carry out basic research on the critical product requirements for the country you are interested in to do business with.

First, determine if the destination country requires an export license. Many products don’t need an export license, but you still need to double check the regulations of your destination country. Furthermore, screen all parties in your export transaction. Most countries publish lists of restricted parties to whom you can’t export without a license. These restricted parties are individuals, businesses and other organizations that have been identified as engaging in activities related to the proliferation of weapons of mass destruction, known to be involved in terrorism or drug trafficking, or who have had their export privileges suspended.
You can find those information mostly on the local customs website.
Finally, determine which product requirements are critical to enter the market of your destination country.

Which standards apply?

All questions are answered; any motivation is valid, concise and to the point.
The determination of critical product requirements is valid and specific to the destination country.

Core assignments for students

Discover whether you master the essence of this case by completing the corresponding core assignments. If necessary, you can share your answers with your teacher or supervisor.

Case: D3 | Critical product requirements

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Edvard Spaapen

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