In addition to the benefits of reduced duty rates, free trade agreements (FTAs) can expose importers or exporters to a great deal of risk. The consequences of non-compliance with the requirements can be significant and costly.
To minimize their risk, large importers who rely heavily on duty savings need to ensure compliance with the legal requirements of international trade agreements, such as USMCA and CETA. Free trade compliance is also important to manufacturers and exporters who want to ensure that their customer relationships aren’t harmed by causing compliance issues for their consignees.
This review service is highly customized to a company’s specific needs. Unlike the customs review which mimics a full audit or the compliance diagnostic service which offers a high level indication of overall compliance, the free trade compliance review service examines specific components of the free trade agreement (e.g. classification, valuation, origin) or your free trade-related process. This service allows you to take control of the compliance associated with FTA requirements.
How you’ll benefit:
- Reduce your non-compliance by discovering and correcting areas of risk.
- Ensure that you are getting the maximum duty savings possible under applicable free trade agreements.
- Know that you are providing accurate FTA-related content to your clients.
- Gain peace of mind knowing that you are meeting your obligations and legal requirements.