USMCA and these other trade agreements can mean significant duty savings, but bring with them a compliance dimension for which many importers have not properly planned.  Our trade agreement consultants:

• Analyze the potential benefit available to offset the costs and audit risks of creating and managing Certificates of Origin;
• Verify the correct tariff classifications of all preference candidates;
• Determine the applicable Rules of Origin;
• Analyze existing and planned trade flows to identify duty rate opportunities;
• Audit existing certificates for regulatory compliance; and
• Train the compliance staff to accurately qualify an item, document the process and implement compliant recordkeeping practices.

The U.S. currently has the following trade agreements in force:

• Australia (AFTA)
• Bahrain (BFTA)
• Chile (CFTA)
• CAFTA – DR (Central America – Dominican Republic Free Trade Agreement)
• Colombia Trade Promotion Agreement (CTPA)
• Israel (ILFTA)
• Jordan (JFTA)
• Korea (UTFTA)
• Morocco (MFTA)
• Oman (OFTA)
• Panama (PATPA)
• Peru Trade Promotion Agreement
• Singapore (SFTA)
• United States-Mexico-Canada Trade Agreement (USMCA)

For more information about what Harmonized Tariff Services can do for your business, please review our Tariff Classification Services and Country of Origin Determinations.