How to Benefit from NAFTA and Other Key Free Trade Agreements
Richard Wortman
Partner
Grunfeld Desiderio Lebowitz (Los Angeles, CA)
Stephanie Norris
Customs Enterprise Standards Project Leader
General Electric (Washington, DC)
The United States now has free trade agreements or special duty programs in force with 20 countries, each with its own unique rules of origin. Importers that wish to take advantage of these duty free programs need to understand the rules, requirements, and risks. Learn the key requirements in claiming NAFTA and other FTA programs (Korea, CAFTA, etc.), and avoid the most common mistakes importers make.
- Coping with multiple rules of origin in FTAs
- Understanding NAFTA origin rules and requirements
- Tariff shift vs. regional value content rules
- Special rules for intermediate materials
- Using inventory accounting rules (e.g. LIFO, FIFO)
- The importance of maintaining supporting documentation
- Undergoing a NAFTA validation and responding to information requests
- Complying with other FTA rules: Are you up for the challenge?
- Korea, CAFTA, etc.
- Generalized System of Preferences (GSP), African Growth and Opportunity Act (AGOA), and other related programs and potential impact of expired and expiring GSP programs