The NAFTA (Canada, Mexico, US) Rules of Origin and Certificate of Origin Requirements Webinar
Duration: 60 Minutes
Instructor: Douglas Cohen
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. NAFTA adopted the same basic origin rule as has governed the 1988 US-Canada FTA: goods generally must undergo sufficient processing within North America to result in a change in tariff classification.
Why Should you Attend
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 import-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 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.
Objectives of the Presentation:
- 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 obtain the certificate of origin?
- Recordkeeping Requirements
- Questionnaires, verifications, audits