The NAFTA (Canada, Mexico, US) Rules of Origin and Certificate of Origin Requirements
Duration: 60 Minutes
Faculty: Douglas Cohen Course ID: 1040 Level: All Level
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.
Why Should You Attend:
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.
Areas Covered in the Session:
- Fundamentals of NAFTA
- How do you take advantage of NAFTA to obtain duty free treatment for your North American trade
- What is the intent of the NAFTA rules of origin
- What is the applicable rule of origin in NAFTA
- How do you obtain and complete the certificate of origin
- Recordkeeping requirement
- Government questionnaires, verifications and audits
Who Will Benefit:
- Director, CEO, CFO, COO, VP & C-level Professionals
- Supply Chain Manager
- Labor & Legal Affairs
- Procurement Manager
- Customs Regulatory Manager
- Customs Compliance Manager
- Operations Professionals
- Regulatory Compliance Professionals
- Custom Compliance Personnel
- Quality Manager
- Office Manager
- Customs/Logistics Supervisor
- Trade Compliance Manager
- EHS Manager
- Purchasing Manager
- Quality / Process Control Engineer
- Project Manager
- Global Compliance Manager
- Sales Administrators
- Import Export Supervisor