International trade laws are in place to promote trade between countries and companies around the world. They protect the interests of each party and their rights in the transaction. The World Trade Organization is mostly responsible for creating the laws governing trade around the world and ensuring fairness to each country and business involved in trade.
If your business trades goods and services around the world, you might want to hire an international trade attorney to help keep your business safe. Here are some things that an international trade lawyer can do for your company.
Advising In Expansion Into New Countries
An international trade attorney can advise you on the legalities of expanding into a new country. Every country has its own laws regarding taxation, imports and exports, labor laws, and how a foreign company may expand into its territory while protecting homegrown businesses.
An international trade lawyer can advise you on protecting your own interests and profits while adhering to the laws and regulations of the countries you wish to expand into. They can help ensure your business gets fair treatment in their marketplace.
They can also help you obtain any necessary licenses you may need to operate in that country. They will go over any compliance issues you need to follow, as well. They can inform you of that country's industry regulations to ensure you follow them.
Help To Raise Capital From Foreign Investors
For larger companies, raising capital to expand your business to either add more products or services or offer them to a wider audience isn't always easy. If you wish to compete on a global scale, you will most likely have to entice foreign investors into helping fund your ideas and projects.
An international trade attorney can help you find clients and vet them to see if they are a good fit as investors for your business. An international trade lawyer knows the laws surrounding securities in many different countries and can advise you on what the trade laws are regarding how you can garner funds from those countries.
Represent You In The Event Of A Dispute
It's possible that a dispute will arise with either another company in the country you have expanded to or some issue with local government or city management authorities. In this event, an international trade lawyer can represent you with any international litigation that could come up. This could include protecting your intellectual rights and properties including trademarks.
To learn more, contact a law firm in your area like Braumiller Law Group.