CES International Trade Regulations & Laws 3

Question 1

Under the Foreign Corrupt Practices Act (FCPA), which of the following payments to a foreign official is generally permitted as an exception?

Accepted Answer

Facilitating payments to expedite routine government actions

Answer

The FCPA contains a narrow exception for facilitating payments made to expedite or secure the performance of routine, non-discretionary government actions.

Question 2

Which U.S. law prohibits American companies from complying with foreign boycotts not sanctioned by the United States?

Accepted Answer

Anti-Boycott provisions of the EAR

Answer

The anti-boycott provisions under the EAR (and supported by the Tax Reform Act) prohibit U.S. persons from cooperating with unsanctioned foreign boycotts, such as the Arab League boycott of Israel.

Question 3

A 'routed export transaction' under EAR is one where:

Accepted Answer

The foreign buyer controls the export and selects the U.S. forwarder

Answer

In a routed export transaction, the foreign purchaser controls the export and authorizes a U.S. agent to file the EEI, shifting certain compliance responsibilities.

Question 4

What is the primary purpose of the Wassenaar Arrangement in international trade?

Accepted Answer

To control exports of conventional arms and dual-use goods and technologies among member states

Answer

The Wassenaar Arrangement is a multilateral export control regime promoting transparency and responsibility in transfers of conventional arms and dual-use items.

Question 5

Under U.S. export law, a 'deemed export' occurs when:

Accepted Answer

Controlled technology or source code is released to a foreign national in the United States

Answer

A deemed export is the release of controlled technology or software to a foreign national inside the U.S., which is treated as an export to that person's home country.

(CES) Certified Export Specialist Practice Test

(CES) Certified Export Specialist Practice Test

CES International Trade Regulations & Laws 3