International trade and supply chain issues issues are top of mind for many businesses. Womble Bond Dickinson and the North Alabama International Trade Association (NAITA) are collaborating on a timely discussion of “Tariffs, Compliance and Supply Chains.” The event takes place from 3-5 p.m. Tuesday, September 30 at Torch Freedom Center in Huntsville.
Womble Bond Dickinson Partner David Vance Lucas and Carolyn Turner, Assistant Director of Research & Training—International Trade at the Alabama Trade Center, will lead the discussion.
Businesses must continuously navigate the complexities of international trade laws, ensure proper documentation, pay the correct tariffs, and understand country-of-origin rules to avoid severe legal and financial penalties. Defense contractors and other businesses can be negatively impacted by misunderstanding or not complying with these rules. With a growing focus on enforcement by government agencies, companies are urged to review and update their import and compliance procedures and consider risk mitigation strategies.
The presenters will discuss key aspects of tariffs and trade compliance and their impact on supply chains, as well as risk mitigation strategies.