Export Compliance: A Missing Component of International Entrepreneurship

There is a consensus that firm’s corporate governance impacts their ability to export. Corporate governance relies on export compliance as a framework which supports enterprises in order to mitigate their risks associated with export and provides a safe platform for firms to upgrade their position in the world of trade. The aim of this paper is to widen concepts of export control and compliance framework. The paper outlines the general structure of export compliance and presents a comprehensive view of United States of America and the European Union as powers in the world. In this study, we explained the nature of the violations from the point of view of export compliance and reached to dual-use, money laundering violation and sanctions embargos or restrictive measures. The methodology of this study is documenting analysis with an inductive approach. Essential data for this study has been gathered from secondary resources including diverse scientific research articles, institutional guidance notes, guidelines, manuals and export compliance related web sites and legal provisions in legislations of different countries.

Export compliance for life sciences

Long before worrying about US Food and Drug Administration compliance, organisations that work with foreign employees, contractors, vendors or partners need to be concerned with the importation and exportation of technological knowledge – the so-called ‘deemed exports’. This is particularly apt for executives in the biopharmaceutical, biotechnology and medical device fields who outsource research and development overseas or who hire non-US citizens. US export regulations have strict guidelines on the types of knowledge that cannot be shared with non-US citizens and carry harsh penalties for non-compliance that fall equally on the organisation in question and its executives who ought to have known better. This paper presents an eight-step strategy to develop a regulatory compliance programme that meets US export compliance regulations.