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Regulatory Challenges

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"Regulatory Challenges" Please respond to the following:
Counterfeit and Pirated Goods accounted for $1,743,515,581 of seized imported goods by
US Customs and Border Protection agents (CBP, 2014). True, a number of greater issues
regarding population safety have a risen; yet, efforts have been significant according to the
Homeland Security. Currently, perhaps either adding and/or deleting strategies would suffice if
attention has been diverted. It would be somewhat premature to make either claim given the
present conditions. This would also increase trade relations.
Due Diligence and Reasonable Care contributes to competitiveness as regulations enforce
ethical responsibilities. Although documentation for business transactions are require by law to
be retained for different purposes, perhaps enforcing organization ethical compliance regulations
would aid in future due diligence, organizations must be compelled to participate, thus,
regulatory compliance for some ethical programs or periodic organization auditing. This would
provide both the organization and the government with the means of providing exceptional
practices while increasing international competitiveness.
Reference
CBP, U. (2014, June 7th). Intellectual Property Rights Seizures Statistics Fiscal Year 2013.
Retrieved from United States Customs and Border Proection :
http://www.cbp.gov/sites/default/files/documents/2013%20IPR%20Stats.pdf

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