Collect SKUs to be reviewed and all supplier contact information.
Free Trade Agreements
Accessing Free Trade Agreement benefits for your product may require more research and record-keeping, but you can give your product a competitive advantage versus products from other countries. Most companies know about USMCA which covers the United States, Canada and Mexico, but what about Korea, Singapore and Australia.
The first step in determining Free Trade Agreement eligibility, is to correctly classifying the finished good according to the Harmonized Tariff Schedule of the US or the HTSUS. We work with your team to understand what your product is and what it is used for, in order to classify it properly. It is critical to complete this step accurately and precisely before moving on to the next step in the process.
Our meticulous analysis will allow us to then use the correct classification to review the rules for the specific FTA. We will consider the HTSUS and the rules of the particular FTA to determine if the goods qualify for inclusion in the preferential program.
Once the analysis is completed and qualification is confirmed, we will complete the necessary declarations for the specific FTA and you will begin enjoy the benefits of free trade.
Here's the typical timeline for Free Trade Agreements:
Collect SKUs to be reviewed and all supplier contact information.
Complete declarations for the qualifying items.