This book provides readers with an authoritative guide to measure, quantify and address customs, VAT and international trade risk, especially with a view to maximising the efficiency of both trade practice and the governance and collection of national revenue associated with the regulation and control of cross-border trade. Delivering expert insight into the rationale behind customs investigations, Managing International Trade Risk defines trader risk in terms of international trade and customs and VAT compliance, and highlights the pitfalls in conducting international trade and customs management, practices and procedures. Offering a guide to dealing with customs issues that ensures correct and accurate compliance is the priority when it comes to dealing with imports and exports, it offers solutions in terms of trader knowledge of customs procedures coupled with the knowledge to avoid problems concerning customs and VAT compliance issues and regulations. This text is written for customs and VAT practitioners, lawyers, policy-makers, industry and financial professionals (international trade, tax and finance), scholars, lecturers, quasi-government organisations and Government departments (Treasury, Tax), as well as Chambers of Commerce. It will be of interest to all involved in the process of international trade, customs and VAT.