The ITAR or the International Traffic in Arms Regulations requires all exporters, manufacturers, brokers, temporary importers, and furnishers of ITAR-controlled defense articles and services—including technical data—to register with the U.S. Department of State and acquire export licenses to remain ITAR compliant.
What is an ITAR Compliance Checklist?
An ITAR compliance checklist is a tool which arms suppliers are using to simply determine if they're ITAR compliant. They can also establish an identification system for ITAR-controlled products, and implement an efficient ITAR compliance program.
This feature includes:
- powerful mobile inspection app to easily conduct audits;
- how your business can benefit from complying with ITAR; and
- FREE ITAR Compliance checklists you can download, customize, and use.
5 Benefits of ITAR Compliance
Here are some of the ways on how your company can benefit from staying compliant with ITAR:
1. Quality Manufacturing Output
The manufacturers of defense articles who are the ones to ensure ITAR compliance inevitably guarantee the production of safe products as well. This will also improve productivity by verifying that the product manufacturing process and design is ITAR compliant.
2. Optimized Export Operations
Exporters and temporary importers of defense articles who suits with ITAR gain visibility across their entire operations due to accurate maintenance of records. This will also avoid forfeiture and seizure in attempts at illegal exports by obtaining licenses and other approvals.
3. No Wasted Time and Money
In the past, the U.S. Department of State fined an Oregon-based thermal imaging infrared camera manufacturer an amount of $30 Million because of violations in the export process. When you have an ITAR compliance, this will help you save valuable time and tons of money from costly criminal or civil penalties which can also give you 10 years of imprisonment per violation.
4. Increased Employee Morale
Companies boost morale, assure employee retention and even provide job security when they remain ITAR compliant. Complying with ITAR prevents losing export licenses or debarment and will allow companies to continue doing business in the industry of defense.
5. Good Reputation
Companies with an ITAR-compliant are more likely to win bids in weapons and ammunition or get more government contracts. This is because of a strong brand image which turns loyal clients to become advocates of the product. If your business is ITAR compliant, then you will expand your network, naturally attracts potential customers or buyers and in addition to that, you will strengthen your supply chain.
So, if you are looking for an ITAR consultants, you might want to visit FD Associates website or call them.