ABSTRACT
This chapter examines the regulatory environment of international trade and its impact on the conduct of international business transactions. Restrictions fall into three categories: export taxes, export quotas, and national security restrictions. National security restrictions are restrictions and/or general prohibitions on exports of goods whose use abroad is contrary to US policy interests. Export controls are randomly and only occasionally exercised by the US Department of Commerce and US Customs at the country’s various departure points. Export quotas are restrictions on the quantity of product that can be exported out of a country. The more general use of an export quota is to allocate supplies of scarce commodities in the global marketplace. The Brazilian government imposes low export taxes on many of its exports merely as a mild revenue-producing medium to defray the costs of maintaining port facilities.
