PharmiWeb.com - Global Pharma News & Resources
13-May-2019 - 13-May-2019

NAFTA: Understanding the Rules of Origin and Certificate of Origin Requirements

Overview

Are you obtaining the lowest possible duty rate for your trade with Canada, Mexico, and the US? The North American Free Trade Agreement reduces or eliminates duties on eligible goods traded among NAFTA countries. The NAFTA Rules of Origin were negotiated to determine eligibility for favorable treatment and to preclude third countries from obtaining unlawful benefits. Specifically, adopted the same basic origin rule as has governed the 1988 US-Canada FTA: Most goods must undergo sufficient processing with North America to result in a change in tariff classification.
In addition, NAFTA provides for a uniform Certificate of Origin to be prepared by the exporter and possessed by the importer when the goods enter into the importing country. This certifies that a good exported from one Party into the territory of another Party qualifies as an "originating good".

Why should you attend this webinar?

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.

This webinar will assist import-exporters in understanding the NAFTA rules of origin and the Certificate of Origin requirement. Understanding these rules and how they apply will allow you to take advantage of NAFTA to reduce your costs. How importers and exporters classify their potential NAFTA products has enormous implications for their overall costs of doing business and profit margin.

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 country Customs administration, and preparing for a NAFTA audit.

Areas Covered in the Session:

  • Fundamentals of NAFTA

  • How do you take advantage of NAFTA to obtain duty free treatment for your NA trade?

  • What is the intent of the NAFTA rules of origin?

  • What is the applicable rule of origin in NAFTA? How do you complete the certificate of origin?

  • Most common mistakes on the certificate of origin

  • Recordkeeping Requirements

  • Questionnaires, verifications, audits

  • Penalties


Who can Benefit:

  • Those who currently trade in NA

  • Those considering trading within NA

  • Compliance Departments

  • Legal Staff

  • Shipping Departments

  • Import-Export Departments

  • Trade Consultants

  • Chamber of Commerce

  • Business Development Centers

  • Foreign Trade agencies


Speaker Profile:

Mr. Douglas Cohen is Keynote Speaker at ComplianceKey. For more than twenty years Cohen has been at the forefront of international trade and transactions. With senior positions in private practice, the US Department of Commerce, the European Union, American Airlines, and the IATA, he has developed substantial expertise in import-export operations and compliance, foreign market entry, international negotiations, and intellectual property protection. At present, he is Senior Manager, Global Trade and Contracts, at Worldwide Trade and Legal Consultants, where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets.

Register: https://www.compliancekey.us/webinarDetails?industryId=3&webinarid=1424&speakerid=90

Contact Info:

Compliance Key

Email: support@compliancekey.us

Visit: https://www.compliancekey.us/upcoming-webinar

Phone: +1 717-208-8666