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Customs Considerations in Free Trade Agreements, including TPP & NAFTA (TRD172A)

Presented by: Randi S. Waltuck Barnett
(*) Single User Price. For multiple users please call 1-844-384-4744
Pre Recorded Webinar
60 minutes
Event Description
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Avoid Non-Compliance with Free Trade Agreements and Resultant Penalties.

Virtually all Free Trade Agreements (“FTAs”) are dependent on the concept of preferential country of origin in one form or another. Country of origin is a complex and unsettled area of global Customs regulation, and as such, each agreement has its own methodology for determining, based on various factors, whether or not the Customs principle of origin meet the criteria for enjoying the benefits of the agreement, notably a reduction or elimination of assessed duties at the time of importation.

In this session by expert speaker Randi S. Waltuck Barnett, you will learn about the origin of custóms’, the distinction between non-preferential and preferential origin, the basic methods by which preferential origin is determined under most FTAs including NAFTA and the TPP. Randi will also share best practices for lawful participation in these high risk, but potentially cost-saving programs.

Importers wishing to enjoy the cost-savings of any number of Free Trade Agreements (“FTAs”) are obligated to understand the Customs provisions of each agreement, how they can participate as an Exporter to gain competitive advantage, and how to mitigate risks and still participate as an Importer.

Randi will teach you where you can find all your global trade flows and which FTAs might apply to them, she will review the basics of preferential origin determination, including the principles of Tariff Shift and Regional Value Content; System Solutions; and Certificate of Origin (“COO”) preparation for Producers and Exporters and COO review for facial validity for Importers. Lastly, she will share the best practices for recordkeeping to support your FTA determinations and claims in case of government audit or origin verification.

Many companies, large and small, have faced significant penalties for improper use of various Free Trade Agreements. To lawfully minimize your total landed costs, learn how to avoid these risks by doing “FTAs right!”

Session Highlights

  • Who establishes the global trade framework?
  • Why is origin so contentious?
  • What is non-preferential origin?
  • What is the background of Free Trade Agreements in the US?
  • Why is saving money under an FTA risky?
  • NAFTA – the big one that started it!
  • TPP – what’s next?
  • How can I find out if I have FTA opportunities?
  • What are best practices for Importing & Exporting under an FTA?

Who Should Attend:

  • Export Compliance
  • Import/Customs Compliance
  • Domestic and Global Supply Chain
  • Global Trade Solutions/IT
  • Sales & Distribution
  • Legal
  • Finance & Accounting
  • Risk Management
About Our Speaker(s)

Randi S. Waltuck Barnett | trade compliance programs SpeakerRandi S. Waltuck Barnett
Ms. Waltuck Barnett is a highly regarded global trade professional, having created and implemented global and domestic trade compliance programs across many industries for companies large and small. Her experience includes oversight of a $5B, 65-location division of Honeywell, a $3B, 17-location division of Motorola, G... More info

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    Event Title: Customs Considerations in Free Trade Agreements, including TPP & NAFTA
    Presenter(s): Randi S. Waltuck Barnett

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