The U.S. has free trade agreements that eliminate tariffs and lower other trade barriers with number of key trading partners. Additionally, preference programs like the Generalized System of Preferences, the Caribbean Basin Initiative, and the African Growth and Opportunity Act offer duty-free and reduced duty treatment to imports from more than 100 developing countries.
However, rules for taking advantage of these benefits often differ between and even within each FTA and preference program, and they are subject to change if the U.S. renegotiates or revises the agreements. Moreover, government agencies are watching with increased scrutiny to make sure the appropriate requirements are met and frequently hit violators with hefty penalties.
ST&R professionals can help you successfully use these tools by reviewing policies, procedures, and controls; documenting program eligibility; establishing recordkeeping systems to support origin and preference claims; and working with U.S. Customs and Border Protection to resolve questions or disputes about product preference eligibility.
ST&R also has a proven track record of helping companies advocate for their interests as new FTAs are negotiated and existing ones are updated.
Why Use ST&R’s FTA and Trade Preference Services
Maximizing savings: ST&R often identifies opportunities for duty elimination or reduction under various free trade agreements and trade preference programs.
Compliance: We offer expert due diligence reviews and training of your supply chain partners to support your exercise of CBP's reasonable care standard.
Advocacy: We have successfully defended companies in inquiries, validations, and audits by U.S. and foreign governments examining eligibility claims.