Trade compliance is a key concept in international trade that ensures that companies comply with all relevant laws, regulations, and rules regarding the import and export of goods. Here are the main points regarding trade compliance:

• Legislation and Regulation: Trade compliance involves complying with national and international laws, such as customs regulations, sanctions, embargoes, and other trade restrictions.
• Risk Management: Companies must identify and manage the risks associated with international trade to avoid legal penalties and financial losses.
• Documentation: Correct and accurate documentation is crucial to ensure compliance. This includes invoices, customs declarations, permits and licenses.
• Education and training: Employees of companies should be regularly trained on current trade compliance regulations and procedures.
• Technology and automation: Modern technology can help automate trade compliance processes, minimizing the risk of human error and increasing efficiency.
• Internal controls and audits: Regular internal controls and audits help identify and correct any inconsistencies in processes.

Trade compliance is therefore an essential part of successful and legal international trading, helping to protect companies from legal and financial risks.