- US regulations now have extraterritorial components, meaning that non-US companies using US-origin products, tools, machines, manufacturing equipment, software or technologies in their production outside the US must comply with US rules.
- This is particularly relevant in the current trade and technology tensions between the US and China, with both countries targeting each other’s key industries.
- The US-China rivalry is expected to remain a major geopolitical concern in the future.
- For companies in Asia, the proliferation of export control laws and ongoing geopolitical issues make compliance a challenge.
- Becoming an expert in trade and compliance is increasingly important for multinational executives.
Source Taxiseasia
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