Focus on the Comprehensive Economic and Trade Agreement (CETA)

Posted by Arne Mielken

On February 29, 2016, Canada’s Minister of International Trade, Chrystia Freeland, and the European Union’s Commissioner for Trade, Cecilia Malmström, announced the completion of the legal review of the Comprehensive Economic Trade Agreement (CETA). After many years of negotiations, this European Union (EU) and Canadian treaty could finally be signed at the forthcoming EU-Canada Summit in Brussels on October 27, 2016. The EU considers it to be “a milestone in European trade policy” and “the most ambitious trade agreement that the EU has ever concluded.”  Those in favor of CETA argue that it will boost trade between the EU and Canada. Critics argue that the agreement is unduly favorable to businesses and may lead to a lowering of regulatory standards.  With a provisional application possible in the near future, let’s take a closer look at what’s at stake and why CETA matters.

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Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements

Rules of Origin Under Different Free Trade Agreements

Posted by Suzanne Richer

Not all Free Trade Agreements are the same, and one of the most frustrating differences is how they define Rules of Origin. How can you tell which products qualify for each agreement?

Don’t miss my presentation next week alongside Susan K. Ross, Partner at Mitchell, Silberbeg & Knupp LLP, as we discuss Rules of Origin Under Different Free Trade Agreements (FTA’s) at the NEI’s Second Annual Global Trade Educational Conference (GTEC)

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Topics: Trade Agreement Identification, Free Trade Agreements

4 Preferential Trade Agreements to Have on Your Radar in 2015

Posted by Colleen Bush

Could 2015 be the year of preferential trade agreements? We are only a few weeks in, but both President Obama and Congress have made it clear that ratifying preferential trade agreements is a top priority. With a new Republican majority in Congress and Obama hoping to solidify his legacy of expanding free trade, action on a number of trade issues is sure to be a major legislative theme this year.

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Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements

Free Trade Agreements have become more popular (and challenging) than ever

Posted by Kelsey Barker

We’ve all seen the statistics on how much global trade is expected to grow in the next few years. With that growth comes a multitude of free trade agreements: there are more than 500 FTAs today. William Methenitis, Global Director of Customs and International Trade at Ernst & Young, told Treasury & Risk this week that the pace at which new agreements are being put in place is accelerating.

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Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements, Product Claim Details and Storage

NAFTA and Duty Recovery Saves $6 Million

Posted by Annika Helmrich

a guest blog by Nigel Fortlage of International Trade Compliance Strategy at GHY.

An industry leading organization specializing in window covering was able to save over $6M in duty as a result of having an effective integrated trade compliance strategy. By coordinating NAFTA with organizational processes by use of a compliance champion, the company was able to assign tariff to every item.

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Topics: Import Management, Duty Management, Trade Agreement Identification, Free Trade Agreements

NAFTA: Key to NEI Success?

Posted by Caroline Brown

U.S. Commerce Secretary Gary Locke, hosted a meeting for North America’s Industry Ministers. Tony Clement, Canada’s Minister of Industry, and Bruno Ferrari, Mexico’s Secretary of Economy, were in attendance. They discussed the importance of trilateral cooperation on issues such as the National Export Initiative. The leaders agreed to identify ways to encourage small and medium-sized firms to export their goods and services. Secretary Locked added:

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Topics: Duty Management, Export Management, Trade Agreement Identification, Free Trade Agreements