NAFTA Management Best Practices

Posted by nathan on Thu, Nov, 11 2010 @ 12:38 AM

The North American Free Trade Agreement (NAFTA), implemented in 1994, created the world’s largest free trade area, stimulating exports between the U.S., Canada, and Mexico by eliminating tariffs and creating international rights for business investors. NAFTA ultimately produced sales of $17 trillion, establishing a model that was adopted globally. For new members, however, managing the red tape can be daunting and potentially risky.

To take advantage of the reduced duties afforded by NAFTA and other free trade agreements, exporters and importers have to verify the eligibility of their products. The qualification process involves classifying products via the Harmonized Classification System and NAFTA rules of origin. Each of the three partner governments may audit an importer, exporter, or producer of NAFTA products in any of thee three member countries, and hefty fines are levied on non-compliant manufacturers or distributors.

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Topics: NAFTA, best practices

Best Strategies for Managing NAFTA

Posted by Marketing Coordinator on Fri, Nov, 5 2010 @ 9:54 AM

Given the advantages of NAFTA and other free trade agreements, exporters and importers seek to widen the advantages of reduced duty impact by participating in trade agreements.

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Topics: free trade agreements, NAFTA, results, benchmark, statistics, impact, report, usage, Trade Agreement Solutions, Trade Agreement Management, Trade Agreement Software, Free Trade Agreement, trade agreement, white paper, north american free trade agreement

NAFTA Benchmarking Survey

Posted by Caroline on Mon, May, 24 2010 @ 4:30 AM

Are you interested in learning about the best practices of firms qualifying product for NAFTA and other Free Trade Agreements?

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Topics: NAFTA, Trade Agreement Management, customs compliance, nafta compliance

Canada Issues Notice on TRQ for Milk Protein Substances

Posted by Caroline Brown on Tue, Mar, 2 2010 @ 12:39 PM

The Canadian Department of Foreign Affairs and International Trade (DFAIT) has issued a notice to inform importers of the policies and practices regarding the administration of the 10,000,000 kilogram per year tariff rate quota (TRQ) for milk protein substances. The notice applies to substances with a milk protein content of 85% or more by weight, calculated on the dry matter, that do not originate in a NAFTA country, Chile, Costa Rica, or Israel.

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Topics: NAFTA, tariff rate quota, TRQ, DFAIT, Trade Watch, Canadian Department of Foreign Affairs and Interna

Happy Birthday, NAFTA!

Posted by Marketing Coordinator on Tue, Dec, 8 2009 @ 10:46 AM

On this day in 1993, the North American Free Trade Agreement signed into law by President Bill Clinton.

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Topics: free trade agreements, NAFTA, Trade Agreement Management

NAFTA Trade Fell Each Month This Year

Posted by Marketing Coordinator on Fri, Dec, 4 2009 @ 9:1 AM

The Journal of Commerce reports the twelfth month of decline in trade for the NAFTA countries. U.S trade with Mexico and Canada dropped to $57.3 billion, 20 percent lower than in 2008.

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Topics: global trade, NAFTA, Cross Border, Global Trade Relations, Trade relations

S. Korea Signs Trade Pact with EU, Urges US to Approve Pending Agreement

Posted by Marketing Coordinator on Thu, Oct, 15 2009 @ 9:36 AM

South Korea is a step closer to a free trade agreement with the EU as the European Trade Commissioner, Catherine Ashton, and her Korean counterpart, South Korean Trade Minister Kim Jong Hoon signed a trade pact in Brussels. The trade agreement must now be approved by the 27 member countries of the EU, the European Parliament, and South Korea's Cabinet, parliament and president

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Topics: free trade agreements, NAFTA, Trade Pacts, EU, South Korea, eu-south korea, Trade Agreement Management, Free Trade Agreement

Canada Settles Its Anti - "Buy American" Ban

Posted by Marketing Coordinator on Mon, Oct, 5 2009 @ 10:19 AM

Canadian officials have come up with a resolution that threatened to ban American companies to bid on city contracts because of the 'Buy American' push by the United States says Canadian news source, CBC News.

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Topics: NAFTA, NAFTA issues, Cross border debate, Cross Border

NAFTA Surface Trade Increases vs. June

Posted by Marketing Coordinator on Wed, Sep, 30 2009 @ 9:45 AM

Surface trade for the North America Free Trade Agreement (NAFTA) has increased by 1.7% in July versus June 2009 however when compared to the same period in 2008, trade was 28% lower:

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Topics: NAFTA, surface trade, north american free trade agreement

Protectionist or Pro-Free Trade?

Posted by Marketing Coordinator on Mon, Sep, 28 2009 @ 6:8 AM

Is President Obama a protectionist or pro-free trade? Both, according to a recent Los Angeles Times editorial. President Obama has been quoted as saying more jobs are created and costs are lowered in a free trade economy. But, the recent Stimulus plan angered many with the 'Buy American' clause attached to the plan.

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Topics: global trade, NAFTA, Protectionism, Mexican National Trucking Association, G-20 summit, Global Trade Relations