7^thRadisson Blu Mumbai International Airport

Increasing trade volumes together with greater scrutiny of cross-border flows and a stringent focus on compliance with export control and customs regulations create significant challenges for supply chains. Moving goods internationally can be complex and costly for businesses in today's competitive - global markets. Effective trade compliance ensures that goods are classified correctly, and the origin and valuation of goods are accurately declared according to the laws, sanctions, and regulations. Any professional involved in the cross-border buying or selling of goods is touched by trade compliance considerations. Whether employed in supply chain operations, planning, procurement, or finance, the failure to understand and plan around import/export regulatory requirements can lead to unanticipated costs and a lot of wasted time. Product delays, stock-outs, emergency shipments, additional warehousing costs, and customs penalties are all common consequences of compliance failures.

For a firm to truly be successful in its international operations, trade compliance must be an essential part of its international business strategy and its strategic planning and operations. By attending the 6^th Customs & Trade Compliance Asia Summit 2023, attendees will learn not only about the most important and critical aspects of trade compliance, but also how to integrate trade compliance into the strategic and operational dimensions of their company.

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