Question

In a 5-7 sentence paragraph explain the impact Corona has had on International trade.

Answer 1

Trade compliance professionals should be connected to these changes within their organizations to help ensure that the new reality does not result in inadvertent compliance issues, violations, or penalties—as well as operational costs to unwind noncompliant activities—in the future. No organization wants to redesign their business activities and incur significant transaction costs and disruption only to find out later that their redesign is in violation of export control, customs, sanctions, or other trade laws. As the situation continues to develop, global trade compliance professionals should be monitoring these issues at their organizations to ensure that they, and their compliance programs, are part of the evolving conversation and that key stakeholders are making decisions with the benefit of input from trade compliance.

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Answer 2

Corona has had an impact on International trade by not allowing trade from different countries. For example, the US has limited trade with China so that the virus is not spread as easily. Since the virus was started in China the rest of the world is trying to take extra precaution. This is why it has taken longer for some goods to arrive to the US that have been coming from China. That is just on impact that Corona has had on international trade.

Step-by-step explanation: