Export regulation refers to the set of laws and policies that govern the shipment of goods and services from one country to another. These regulations are designed to control what can be exported, ensuring that sensitive items, such as military equipment or technology, do not fall into the wrong hands. Countries implement these rules to protect national security, promote foreign policy objectives, and comply with international agreements.
Compliance with export regulations is crucial for businesses engaged in international trade. Companies must obtain the necessary licenses and permits before exporting certain products, which may include dual-use items that have both civilian and military applications. Failure to adhere to these regulations can result in severe penalties, including fines and restrictions on future trade activities.