Class, selling goods overseas for any company challenges the company to consider
ID: 449206 • Letter: C
Question
Class, selling goods overseas for any company challenges the company to consider the laws and practices of the foreign country. It doesn't necessarily even start with contracting with a foreign distributor/customer - it might start with the mere advertising/solicitation of a foreign country's citizen, right? Advertising laws here are regulated by the FTC. Consideration must be given to the foreign country's own consumer protection laws, if any. What other legal concerns would a company have when they consider selling their wares overseas or across the borders?
Explanation / Answer
The firm has to abide Environment law imposed by government of the country. The firm who do not abide will have to face penalty or even cancel the transaction. The environmental law consists of the product or service which do not deplete its environment and nature. The firm should take further step in clearance of air pollution or land pollution.
There should be substantial effect on labor law. There should be no biased in wages. Labor should be given good working condition, wages, bonus, incentives, medical bonus, etc.
There are some laws imposed by government on product specification and descriptions.The law stats that the product and packaging should be of same specification without compromising on quality desired by customer.