GlossaryEN1 min readUpdated: Jun 26, 2026
Trade Compliance
A misfiled customs declaration, a missed export licence, a payment to a sanctioned counterparty – trade compliance exists precisely to prevent such failures.
Quick Answer
Last updated: Published:
Source: https://www.trade.gov/what-trade-compliance
Category
Passar Hub: Everything on the new Swiss customs system
Reading time
1 min
Words
121
Mentioned in
1 articles
Definition & Explanation
A misfiled customs declaration, a missed export licence, a payment to a sanctioned counterparty – trade compliance exists precisely to prevent such failures. Trade compliance refers to the full set of processes and controls by which a company ensures that every cross-border transaction conforms to applicable customs regulations, export controls, sanctions regimes, and import restrictions in the countries involved. In practice, this covers correct tariff classification, origin determination and declaration, customs valuation, licensing checks, and screening against embargo and sanctions lists. Trade compliance extends beyond customs formalities: it also encompasses product regulatory requirements and eligibility for preferential tariff treatment under free trade agreements. Non-compliance can result in duty assessments, administrative fines, denial of export privileges, and criminal exposure for responsible individuals.
Next steps
Matching tools and partners
Related Terms
You might also be interested in these terms
Mentioned in
Mentioned in Countries
⚡ Current 2026
Passar Hub: Everything on the new Swiss customs system
Passar replaces E-dec and NCTS. Passar 1.0 (export) is live, Passar 2.0 (import) starts from Q2 2026. Roadmap, ePortal registration, deadlines and FAQ — all on one page.
Passar 1.0Passar 2.0 → Q2 2026Passar 3.0 → Q2 2027
Related News
Logistics knowledge straight to your inbox
Free · No password · Never a paywall. Weekly top news and facts from logistics.