Foreign corrupt practices act fcpa makes it illegal

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Foreign Corrupt Practices Act (FCPA) makes it illegal for companies to pay bribes to foreign officials, candidates, or political parties. Stiff penalties can be assessed against company officials, directors, employees, or agents found guilty of paying a bribe or of knowingly participating in or authorizing the payment of a bribe. Firms that have been penalized for bribing by the Foreign Corrupt Practices Act (FCPA) can reduce the penalties by helping in investigations. The Justice Department has also agreed not to penalize companies that have an excellent training program in place.
B.Antitrust LawsAntitrust enforcement has two purposes in international commerce. The first is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors. The second purpose of antitrust legislation is to protect American export and investment opportunities against any privately imposed restrictions.The Department of Justice is the U.S. government agencies oversees antitrust enforcement in international commerceD.Antiboycott Laws - U.S. companies are forbidden to participate in any unauthorized foreign boycott; furthermore, they are required to report any request to cooperate with a boycott. The Antiboycott law was a response to the Arab League boycott of Israeli businesses.A.Export RestrictionsThe volume of exports and the number of companies exporting from the United States have grown spectacularly over the last decade. In an effort to alleviate many of the problems and confusions of exporting and to expedite the process, the Department of Commerce has published a revised set of export regulations known as the Export Administration Regulations (EAR). B.National Security LawsAmerican firms, their foreign subsidiaries, or foreign firms that are licensees of U.S. technology cannot sell products to a country in which the sale is considered by the U.S. government to affect national security.C.Determining Export RequirementsThe responsibility of determining if a license is required rests with the exporter. The exporter is responsible for selecting the proper classification number, known as the Export Control Classification Number (ECCN), for the item to be exported. The ECCN leads to a description in theCommerce Control List (CCL), which indicates the exportability status of the item. Products exported from the United States require a general or a validated export license, depending on the product, where it is going, the end use, and the final user.D.ELAIN, STELA, ERIC, and SNAPThe ECCN leads to a description in the Commerce Control List (CCL), which indicates the exportability status of the item.Chapter 9 – Economic Development and the Americas OutlineI.Global Perspective: Wal-Mart, Tide, and Three-Snake Wine
Time zones make a difference. Jet lag is an important problem. Among three kinds of distances that international marketers must traverse- miles, time zones, and cultural distances- time zones have the greatest influence on

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