All you need to know about trade regulations

Trade regulations are important in international trade transactions to protect a country’s trade. To identify the different areas of trade which are regulated, the bodies responsible and the actions required to comply with the different regulations will assist the trader to comply. These measures are applied to protect a country’s population from internationally traded products which could be damaging to health and/or the environment.
The two most important reasons why governments regulate trade include: (i) protection of citizens against harmful products entering their borders and protection of resources and (ii) protection of local economy, not allowing foreign competitors free access to export into the market with no duties, no regulation. Local trade might be harmed through having to compete with uncompetitive pricing.
The various national and international measures that regulate trade are discussed, explaining the basis for regulation and enforcement. These measures include national as well as international regulations.

Target group
Employees in Freight Forwarding Operations and Customs Compliance

Learning Outcomes

• Measures to regulate trade
• Enforcement of different types of legislation
• Internationally traded products and prohibited goods
• Dangerous Goods regulations applicable to Surface and Air Freight goods
• International trade in endangered species
• Documentary requirements of international trade
• Roles of the freight forwarder and clearing agent in the smooth flow of international trade