Understanding the NAFTA (North American Free Trade Agreement) challenges and opportunities is an important part of business strategy not just for US, Canadian, and Mexican companies, but also for the Asian and EU firms that are competing for positions in North America. The North American Free Trade Agreement rules of origin and certificate of origin requirements are complicated, complex, and not well understood.
Are you or your company obtaining the lowest possible duty rate on your trade with Mexico, US, and Canada? The NAFTA may lower your overall costs by eliminating duties on eligible goods traded among these three nations.
This live webinar by expert speaker Douglas Cohen will assist import-exporters in understanding NAFTA rules of origin and certificate of origin requirements. Understanding these rules and how they apply will help your company to take an advantage of NAFTA and reduce your costs. Improperly classifying your merchandise as North American in origin can lead to severe fines and penalties.
Objectives of the Presentation
Participants will learn how to properly complete the NAFTA Certificate of Origin, in order to receive duty free treatment, prevent errors that can result in severe civil/criminal penalties by each countries customs administration, and preparing for a NAFTA audit. Understanding NAFTA opportunities and challenges is an essential element of business strategy not just for US, Mexican, Canadian companies but also Asian and EU firms competing for position in the NA space.
Are you obtaining the lowest possible duty rate on your trade in goods with Canada, Mexico and US? The North American Free Trade Agreement (NAFTA) reduces or eliminates duties on eligible goods traded among these North American markets. To determine eligibility for favorable treatment under the agreement and to preclude third countries from obtaining benefits by merely passing goods through North America, the NAFTA rules of origin were negotiated. There are essentially 5 ways goods qualify as originating. These 5 ways are called Preference Criteria and are referred to as letters A-E. This webinar will assist you in qualifying your products under the NAFTA Preference Criteria.
In addition, NAFTA provides for a uniform certificate of origin to be prepared by the exporter and possessed by the importer when the goods are entered into the importing country. This certifies that a goods being exported from one party into the territory of another party, qualifies as an "originating goods." These rules of origin and certificate of origin rules are complicated, complex, and not well understood by import-exporters.