Actividad de aprendizaje 11

Evidencia 7: Compliance with foreign law

PRESENTADO POR: BRAYAN STEVEN JORDAN

NEGOCIOS INTERNACIONALES

FICHA (2104806)

BOGOTA D.C.
1. Elabore un vocabulario como mínimo de 10 términos técnicos en inglés, con su respectivo
significado en español.

 Compliance with foreign law: Una Ley o norma extranjera es aquella regla de derecho o
disposición de carácter general, abstracto y permanente que ha sido generalmente creada
por el legislador extranjero o por un organismo internacional para regular los
comportamientos sociales, económicos o políticos en un determinado Estado o territorio.

 Industry standards: son estándares que desarrollan diferentes empresas en una industria
específica sobre los que se ponen de acuerdo una con otra o que son tan comunes como
para que se les considere una costumbre de la industria o profesión. Tales estándares van
más allá de las leyes y reglamentos, para promover una competencia libre, justa y honesta
entre los miembros de la industria.

 Foreign customs laws: regulación de todas las formalidades aduaneras en el marco de

unos principios, atendiendo los requerimientos de los acuerdos de libre comercio y de
modernización de los procedimientos aduaneros.

 Government contracting: es aquella que se da cuando las entidades públicas contratan

personas jurídicas o naturales del sector público o privado para cumplir con algunas de sus
obligaciones.

 Buy American equivalent: Leyes Las agencias gubernamentales extranjeras a menudo

promulgan regulaciones que son destinado a dar un trato preferencial a los productos
suministrados por los fabricantes en su propio país. Esto puede consistir en una
preferencia absoluta, o puede ser una cierta preferencia diferencial de precios.
Determinar si tales leyes o Existen regulaciones de agencia para los productos de su
empresa es obligatorio si se espera que las ventas del gobierno sean importantes.

 Exchange controls and import licenses: es el acto administrativo mediante el cual se

otorga autorización a las importaciones de mercancías del régimen de licencia previa, la
cual constituye el documento soporte para presentar la declaración de importación ante la
autoridad aduanera.

 Value-added taxes: El IVA o Impuesto sobre el Valor Añadido es un impuesto indirecto que
grava el consumo doméstico final de productos y servicios producidos tanto en el
territorio nacional como en el exterior. En España existen tres tipos de IVA: general,
reducido y superreducido.

 trade associations: cuando dos o más personas en forma organizada, se obliguen a realizar
aportes para aplicarlos a la producción o intercambio de bienes o servicios participando de
los beneficios y soportando las pérdidas.
  tariff classification: La clasificación arancelaria de una mercancía es el paso inicial en una
operación de comercio internacional. Se trata de un código numérico que se asigna a
todos aquellas mercancías que vayan a ser importadas o exportadas; permite conocer
cuáles serán los aranceles de importación, trámites de exportación en origen, los
requisitos de importación en destino o las posibles medidas de política comercial que
afectan esas mercancías.

Esta clasificación se regirá por lo establecido en el Sistema Armonizado de Designación y

Codificación de Mercancías (SA), que tiene como objetivo principal establecer un sistema
numérico y de textos común, que permita clasificar en las mismas aperturas los productos
similares que se comercializan internacionalmente.

 Bidding: Es un proceso participativo por el cual se busca adquirir mejores condiciones de

compra convenientes para un determinado proyecto u obra. Se da un concurso entre
proveedores, para otorgarse la adquisición o contratación de un bien o servicio requerido
por una organización.

2. Elabore un resumen del texto utilizando los diferentes tipos de oración.

Compliance with foreign legislation

Before exporting to a foreign country or even agreeing to sell to a customer in a foreign country, a
U.S. company must be aware of any foreign laws that may affect the sale. Information about
foreign law can often be obtained from the customer or distributor to whom the U.S. company
intends to sell. However, if the customer or distributor is incorrect in the information he gives to
the exporter, the exporter may pay dearly for having relied solely on the customer's advice.

Incorrect information about foreign legislation may result in a ban on the importation of the
exporter's product, or it may mean that the customer cannot resell the product as profitable as
expected. Unfortunately, customers often overlook those things they can be of the greatest
concern to the exporter. As a result, it may be necessary for the U.S. exporter to confirm its client's
advice to third parties, including lawyers, banks, or government agencies, to feel confident that
you understand the foreign law requirements. Specific examples include the following:

1. Industry standards

Foreign manufacturers and trade associations often enact the industry rules that are enacted into
law or that require compliance to sell successfully there. It may be necessary to identify such
standards even earlier for the manufacture of the product which the company intends to sell for
export or for modify the product before shipment. Or, it may be necessary to organize to the
importing customer to make such modifications. Sometimes, compliance with such standards is
evident in certain brands on the product.

2. Foreign customs laws

The countries of export destination may have absolute quotas on the quantity of products that can
be imported. Importation of products in excess of the quota will be prohibited. Similarly, it is
important to identify the amount of customs duties that will be assessed on the product, which
will involve determining the correct tariff classification for the product under foreign law in order
to determine whether the tariff rate will be so high that it is unlikely that sales of the product will
be successful in that country, and to evaluate whether a distributor will be able to make a
reasonable profit if it resells at the current market price in that country.

3. Government contracting

Sales to foreign governments, government agencies, or partially government owned private

businesses often involve specialized procedures and documentation. Public competitive bidding
and compliance with invitations to bid and acquisition regulations, and providing bid bonds,
performance bonds, guarantees, standby letters of credit, and numerous certifications may be
required.

4. Buy American equivalent

Laws Foreign government agencies often promulgate regulations that are designed to give
preferential treatment to products supplied by manufacturers in their own country. This may
consist of an absolute preference, or it may be a certain price differential preference.

5. Exchange controls and import licenses

Unlike the United States, many nations of the world have exchange control systems designed to
limit the amount of their currency that can be used to buy foreign products. These nations require
that an import license from a central bank or the government be obtained in order for customers
in that country to pay for imported products.

6. Value-added taxes

Many countries impose a value-added tax on the stages of production and distribution. Such taxes
usually apply to imported goods, so that the importer, in addition to paying customs duties, must
pay a value-added tax based, usually, on the customs value plus duties. When the importer marks
up and resells the goods, it will collect the tax from the purchaser, which it must remit to the tax
authorities after taking a credit for the taxes due on importation.

7. Specialized laws

Foreign countries often enact specialized laws prohibiting the importation of certain products
except in compliance with such laws. In the United States, there are many special laws regulating
the domestic sale and importation of a wide variety of products (see chapter 6, section A). Some
U.S. laws regulate all products manufactured in the United States; others do not apply to products
being manufactured for export.
 3. Identifique y clasifique las frases en sus diferentes tipos.

Declarative Sentence

 Many countries impose a value-added tax on the stages of production and distribution.
 Foreign countries often enact specialized laws prohibiting the importation of certain
products
 Laws Foreign government agencies often promulgate regulations that are designed to give
preferential treatment to products supplied by manufacturers in their own country.
 a U.S. company must be aware of any foreign laws that may affect the sale.

Imperative Sentence

 it may be necessary for the U.S. exporter to confirm its client's advice to third parties.
 it is important to identify the amount of customs duties that will be assessed on the
product
 that it is unlikely that sales of the product will be successful in that country, and to
evaluate whether a distributor will be able to make a reasonable profit if it resells at the
current market price in that country.
 it is necessary to be able to identify the minimum standards required in the manufacture of
the product before shipment
Conditional Sentence

 which maintains collections of foreign government standards by product

 which maintains over 100,000 worldwide product standards on its NSSN network, also
collect such information
 where there is doubt as to the correct classification or valuation of the merchandise
 who wishes to get paid
 what time periods are necessary to obtain such licenses
 When the importer marks up and resells the goods
 4. Buy American equivalent

Compliance with foreign law at

Laws Foreign government

Laws Foreign government
agencies often promulgate
agencies often promulgate
regulations that are
regulations that are
designed to give
designed to give
preferential treatment to
preferential treatment to
products supplied by
products supplied by
manufacturers in their own
manufacturers in their own
country.
country.
 above

1. Industry standards 2. Foreign customs 3. Government contracting

laws
in on Next to

rules that are enacted Sales to foreign

into law or that governments,
require compliance to determining the
correct tariff government agencies,
sell or partially
classification for the 5. Exchange controls and import
product under foreign government owned
licenses
law in private businesses
often involve
order to determine For a U.S. exporter who
specialized
whether the tariff rate wishes to get paid, it is
procedures and
will be so high that it extremely important to
documentation.
is unlikely that determine
Above
sales of the product
will be successful in
that country, and to
evaluate whether (1) whether an exchange control system exists and an import license is
necessary in the foreign country

(2) what time periods are necessary to obtain such licenseslicenses

(3) the conditions that must be fulfilled and documentation that must be provided in order for the importer to obtain such
licenses. licenses