An unlikely hero has emerged in the story of global trade. In the face of rising protectionism, changing geopolitical alignments, supply chain disruptions, and climate change, compliance has become a critical consideration for companies involved in cross-border trade. For a long time, efficiency in international trade was only about managing logistics and the supply chain....
Tag: compliance
Proactive Compliance: Turning IDPMS/EDPMS into a Strategic Advantage
India’s cross-border trade operations are worth hundreds of billions of dollars annually. As per official figures from the Ministry of Commerce and Industry, between April and December 2024, India’s exports were valued at $603 Billion, and imports at about $684 Billion. To streamline and monitor the considerable flow of trade transactions, the Reserve Bank of...