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Case: Evaluation and affect of international trade regulations

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Violations of import and export laws carry monetary and/or criminal penalties even if the purpose is educational. For an institution like Ross University School of Medicine that is an international medical school, the implications of violating import and export laws would cause detriment to the accreditation of the institution, therefore impact licensing and credentialing of medical students to practice medicine in the U.S. The U.S. import and export restrictions and laws that affect Ross University's business overseas can be categorized as follows: economic sanctions, export controls, antiterrorism, and corrupt practices.

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Economic Sanctions:

The U.S. has imposed economic sanctions against certain countries and persons, which prohibits or limits imports, exports and transactions with certain countries. These countries include: Burma (Myanmar), the Balkans (Serbia), Cote d'Ivoire, North Korea, Cuba, Liberia, Iran, Syria, Sudan, and Zimbabwe (George Washington University, 2006). Since Ross University is currently not doing business in either one of these countries, there is not impact. However, Ross University does plan to expand its institution to Brazil, Japan, and United Kingdom. U.S. economic sanctions are generally known as embargoes, which prohibit most imports, exports and transactions with certain countries. Throughout the years, the Office of Foreign Assets Control of the U.S. Department of Treasury has gone away from broad embargoes to targeted sanctions that focus on the precise nature of the threat to the U.S. For example, the U.S. currently has only three comprehensive embargoes in effect against Cuba, Iran, and Sudan (George Washington University, 2006). This particular import and export law will not affect Ross University's business operations.

Export Controls:

Certain exports of technical data, defense articles and defense services may require a license from either the U.S. Department of State or the U.S. Department of Commerce. The release of technology to a foreign national who is in ...

Solution Summary

The Solution identifies key international considerations including export controls, economic sanctions, and so on, using Ross University School of Medicine in this study.

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