This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Global Trade Solutions: A Host of Challenges

Deloitte Tax LLP

High-volume global traders wishing to achieve savings from their customs and international trade operations face a host of challenges:

  • Any shortcomings in an organization’s international trade planning, internal controls and compliance processes may cause it to overpay duties, overlook compliance issues and incur unnecessary costs and penalties.
  • Governments around the world are expanding their audit efforts to enforce compliance with import and export regulations. Combine this trend with the intrinsic complexity of each country’s rules and the often subtle variations from country to country, and it is no surprise that multinational organizations find global trade management to be an increasingly difficult terrain.
  • It is imperative for companies to optimize the way they organize the data to properly manage, plan for and report international trade costs and customs duties. The problem is that the data come from various sources, both within and outside of trading companies. As such, effective data capture, storage and access represent additional critical challenges. Having the right data available for a particular application is no small task.
  • Changes in sourcing and the structuring of transactions may impact a company's international trade and customs position–significantly and negatively. Yet individuals in functions outside the customs and trade area often make the decisions behind such changes. Building compliance and planning into existing business processes and systems is the only way to ensure cross-functional communication and cooperation.

Our multidisciplinary global network includes more than 300 customs and international trade professionals in more than 50 countries. These professionals include lawyers, accountants, customs brokers, economists, auditors and former government employees. With our diverse backgrounds, we understand the operational constraints and requirements of global trade.

Deloitte Tax LLP is one of the few organizations that can provide full integration of customs and trade management services along with know-how in other areas, such as international tax, transfer pricing, value added tax, assurance and advisory, enterprise risk services, mergers and acquisitions and solutions, to recommend cost-effective options for handling international trade barriers and managing the risk of customs duty and penalty exposure.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected