|
|
|
World Trade Center Buffalo Niagara has helped
strengthen the global position of numerous companies.
Trade Success Stories:
|
|
|
|
|
INTERNATIONAL TRADE CASE STUDY:
SmartPill Corporation
WTCBN’s market regulatory compliance experience gets SmartPill ready to export to 23 countries in all regions of the world.
SmartPill Corporation develops, manufactures, and commercializes medical
devices that utilize SmartPill technology. The SmartPill GI Monitoring
System is a non-invasive aid in the diagnosis, definition and therapeutic
intervention of gastrointestinal disorders. SmartPill products enhance
patient comfort and reduce the cost of exploratory examinations.
Situation:
SmartPill contracted with WTCBN to assist with worldwide regulatory
issues. WTCBN determined export and import requirements for SmartPill
systems and components.
WTCBN knows the basics, background, and research methodology - saving
SmartPill valuable time as they were launching their new product in multiple
countries.
SmartPill retained WTC Consulting to provide the following solution &
results:
-
Classified SmartPill’s monitoring system and components in the U.S.
harmonized tariff.
-
Converted into country-specific tariff classifications and determined
country-specific labeling and regulatory requirements, duties and
Value-Added Taxes (VAT) for 23 countries including Belgium, France, Germany,
Portugal, Turkey, Australia, Saudi Arabia, Mexico, & Canada.
-
Determined export license requirements, checked foreign partners
against the various sanctions listings, and documented procedures for
internal operations.
-
SmartPill now has an operations manual for exporting to 23 countries.
“Our international network of distribution partners will make the
SmartPill GI Monitoring System available to patients across the globe”
-- David Barthel, President and CEO of SmartPill Corp.
To discuss how WTC Consulting can help you with regulatory compliance or
any other trade issue, call us today with your specific needs and find out
how our customized services can help you with a total trade solution or
provide support in critical areas.
Call us today at 716.852.7160 or toll-free 1-877-WTC-INTL
(1-877-982-4685).
|
