Since the advent of electronic commerce (“e-commerce”) platforms, regulators and legislators around the world have been grappling with new customs compliance and security risks, as well as the environmental, social, and corporate governance (”ESG”) concerns that arise from the cross-border movement of goods purchased through these platforms. In the United States, the response has been the proposal of new laws to address these issues. Companies with cross-border e-commerce transactions should be aware ofthese proposed changes and anticipate the impact to their businesses to mitigate potentially adverse consequences.
Source KPMG
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