Karen Hilliker December 2015 Free Trade Agreements 2 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Benefit or Burden Definitions Analysis 3 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Definitions/Agreement types Various Bilateral, Multilateral, Regional, Preferential Single Entry, Annual Blanket Certificate Rules differ across each agreement Rules of Origin Additional Recordkeeping Tariff Shifts Supporting Rationale Markings Are there any Direct Ship Requirements 4 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Benefit How do you determine if it is a benefit HTS may already be at zero duty Free from trade barriers Increased competitiveness Lower costs for imports Increased market due to lower costs 5 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Burden Weighing in How many resources are available to manage Manual or Automated Processing Investment Dollars People/Hardware/Software Efficiency in getting the suppliers certificates Time consuming Recordkeeping Integrity of information Need to have the certificate in hand at time of release Periodic audits and Reviews 6 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Additional thoughts Falsification of records and certificates Duty will be assessed on the incorrect entries Interest will be added Future imports could be delayed for further review Penalties could include: Criminal Civil Administrative 7 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreement RESOURCES Free Trade Agreement Compliance Side-by-Side Comparison of Free Trade Agreements and Selected Preferential Trade Legislation Programs-(Non-Textiles Provision) Free Trade Agreement Tariff Tool 8 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Tariff Tool 9 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements Tariff Tool 10 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements - Details 11 Confidential and Proprietary Information. Please do not copy, forward, redistribute, or publish. Avid 2015. Free Trade Agreements QUESTIONS? THANK YOU