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NAFTA: Understanding the Rules of Origin and Certificate of Origin Requirements
- Fundamentals of NAFTA
- How do you take advantage of NAFTA to obtain duty free treatment for your North American trade?
- What is the intent of the NAFTA Rules of Origin?
- What is the applicable rule of origin in NAFTA?
- How do you obtain and complete the Certificate of Origin?
- Recordkeeping Requirement
- Government Questionnaires, Verifications and Audits
- Penalties
Overview of the webinar
Are you obtaining the lowest possible duty rate on your trade with Canada, Mexico, and the US? The North American Free Trade Agreement reduces or eliminates duties on eligible goods traded among NAFTA countries. The NAFTA Rules of Origin were negotiated to determine eligibility for favorable treatment and to preclude third countries from obtaining unlawful benefits. Specifically, adopted the same basic origin rule as has governed the 1988 US-Canada FTA: Most goods must undergo sufficient processing with North America to result in a change in tariff classification.
In addition, NAFTA provides for a uniform Certificate of Origin to be prepared by the exporter and possessed by the importer when the goods enter into the importing country. This certifies that a good exported from one Party into the territory of another Party, qualifies as an “originating good”.
Who should attend?
- Import-Export Personnel
- Shipping and Logistics Managers
- Trade Consultants
- Compliance Personnel
- Chambers of Commerce
- Foreign Trade Agents and Agencies
- Business Development Centers
Why should you attend?
Understanding NAFTA opportunities and challenges is an essential element of business strategy for all companies competing for a position in the North American market. This webinar will assist import-exporters to comprehend 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.
Attendees 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 and criminal penalties, and prepare for a NAFTA audit. These rules of origin and certificate of origin rules are complicated, complex, and not well understood by importers-exporters. Finally, penalties for a false certificate of origin are severe; both civil and criminal.
Faculty - Mr.Douglas Cohen
For more than 20 years, Mr. Douglas Cohen has been at the forefront of international trade and transactions. With senior positions in private practice, the US Department of Commerce, the European Union, American Airlines, and the IATA, he has developed substantial expertise in import-export operations and compliance, international trade, global negotiations, and international contracts and transactions.
At present, he is a Senior Manager, Global Trade, and Contracts, at Worldwide Trade & Legal Consultants, where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets. Mr. Cohen has been asked to teach his expertise at universities and corporate seminars on international business and law in the US, Europe, Asia, and the Middle East.