International Trade Regulation and Practice

International Trade Regulation and Practice

International trade and practice
relevance for business
Employees, contractor and other third parties required to
sign a non-discloser agreement with the owner of the
business.
Australia has adapted dual-column schedule listing
general preferential and duty rates for developing
countries that are Coding system and Harmonized
Commodity Description (Stern, 2009).
GST is being payable for most products and services
imported into the country except for some necessary
commodities.
Importers are needed to ensure that products are
entering Australia needs to be correctly labeled as it is
an offense of not labeling properly or false labels
(Shaffer, 2014).

Australian importers and exporters
adopted relevant practices
Australian importers and exporters have adopted
the WTO Code of practice as Australia has a
policy of adopting international standards
(Sudirman, 2017).
Exporters and importers labels and marks for
indicating standards conformity that has to be
followed in Australia.
World Trade Organization’ members technical
barriers agreement are required to trade after
notifying as per the proposed technical
regulation and compliance assessment processes
that could affect the trade (Molina Tejeda, 2017).