Ms.Waltuck Barnett is a highly regarded global trade professional, having created and implemented global and domestic trade compliance programs across many industries for companies large and small. Her experience includes oversight of a $5B, 65-location division of Honeywell, a $3B, 17-location division of Motorola, Global Tr Read more
The last 20 plus years have seen a geometric growth in various regional trade agreement and trade preference programs. One such program that has had a profound impact on trade in this hemisphere is the North American Free Trade Agreement (“NAFTA”) which was ground-breaking at its time of entering into force over 20 years ago, in January of 1994. In this 90 minute session, we’ll discuss the history & background of NAFTA, how it might apply to your operations, and gain an understanding that “Free Trade is NOT Free”.
Attendees will learn about the US Customs Modernization Act (the Mod Act) and NAFTA and understand the regulations and guidelines of NAFTA for Imports, including auditing Certificates of Origin for facial validity, NAFTA for Exports, including Tariff Shift & Regional Value Content ,NAFTA Record Keeping & Risks & Penalties.
Course Objectives:
• Learn the basics of Country of Origin (non-preferential – a review
• Understand the history and background of NAFTA
• Learn the basics of Origin issues, generally
• Learn the difference between non-preferential and preferential origin
• Understand the basic methods for determining origination status
• Learn how to manage imports, exports, and domestic transactions under NAFTA
• Best Practices for NAFTA determinations, record keeping, and certificate distribution
Course Outline:
• Background of the US Customs Modernization Act (the “Mod Act”) and NAFTA
• Cost-Benefit Analyses: Free Trade is NOT Free
• NAFTA for Imports, including auditing Certificates of Origin for facial validity
• NAFTA for Exports, including Tariff Shift & Regional Value Content
• NAFTA Record Keeping
• Risks & Penalties
• NAFTA Determination Processes: Manual or Automated?
• NAFTA Determination Processes: Internal or Outsourced?
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Import Compliance
• Global Trade Solutions/IT
• Supply Chain
• Legal
• Finance
• Purchasing
• Internal Audit
• Operations
• Strategic Sourcing
• Risk Management