Overview
Trade policy and regulatory compliance play a crucial role in shaping international trade and business operations. Trade regulations are often complex and subject to frequent changes due to shifts in geopolitical dynamics, trade negotiations, and domestic policy priorities. Keeping up with evolving regulations and navigating multiple layers of trade policy at the national, regional, and international levels can be challenging for businesses. Tariffs and non-tariff barriers such as quotas, import/export licenses, technical standards, and sanitary and phytosanitary measures can increase the cost of trade and create administrative burdens for businesses. Customs procedures, including import/export declarations, customs valuation, classification, and documentation requirements, vary across countries and can be time-consuming and bureaucratic. Delays in customs clearance due to incomplete or inaccurate documentation can disrupt supply chains and increase costs for businesses.
Aim of research focus area
This research focus area delves into the specific dynamics of trade policy and regulatory compliance between the United States and Africa, examining how these factors influence supply chain operations and trade relationships between the two regions. It aims to identify challenges, opportunities, and strategies for enhancing collaboration and promoting sustainable trade practices to drive economic growth and development. By focusing on this research focus area, AISCR can provide valuable insights, actionable recommendations, and practical guidance to businesses, policymakers, and other stakeholders on how to navigate the complexities of trade policy and regulatory compliance between the United States and African countries, promoting mutually beneficial trade relationships that contribute to sustainable economic development and prosperity.
Key aspects of this research focus area include:
- Investigating the implications of bilateral trade agreements, on supply chain operations and market access for African exporters.
- Examining the tariffs, duties, and customs procedures governing trade.
- Assessing the regulatory compliance requirements imposed on goods traded between the United States and Africa.
- Exploring opportunities to streamline trade facilitation processes and enhance customs clearance procedures.
- Analyzing the risks and vulnerabilities associated with changes in trade policy dynamics and regulatory environments.
- Investigating the role of digitalization and technology adoption in facilitating trade.