Free Trade Agreements: Rich with opportunities for those in the know
In today’s fast-paced and evolving global marketplace, countries are increasingly turning to free trade agreements (FTAs) to enrich their relationships with important trading partners. Since the signing of the North American Free Trade Agreement (NAFTA) in 1994 by Canada, the U.S. and Mexico, Canada has entered.
Cole International Launches Another Industry First
Cole International now offering new Free Trade services. See Press Release. List of FTA Countries.
Part 2: U.S. Customs Non-Compliance. Penalties vary, but none of it is good for business.
U.S. Customs and Border Patrol (CBP) assesses penalties based on level of culpability (degree of fault), which has three different designations. In decreasing order of magnitude, these are: fraud, gross negligence and negligence.
Part 1: U.S. Customs Compliance. It’s important. What’s involved?
Importing and exporting commercial goods across the Canada-U.S. border can be a complex endeavour. Doing it right requires a solid understanding of and strict adherence to a litany of government regulations overseen by government agencies on both sides of the border. On the American side, U.S. Customs and Border.
The Dreaded Audit
So you’re being audited by the Canada Border Services Agency (CBSA)… Now what? Anyone who ships items across the Canada-U.S. border should be aware that at some point they are likely to be targeted for a CBSA audit. “For every customs problem, there is a solution which is straightforward, uncomplicated and wrong.”.
NAFTA Certificates Are More Than Just a Document: The Impact of Non-Compliance
*USMCA/CUSMA replaced NAFTA on July 1st, 2020. Read More... The North American Free Trade Agreement (NAFTA) has been in place for over 20 years. It allows importers to benefit from duty free rates when goods are traded between Canada, Mexico and the United States. The agreement is somewhat convoluted though, and.
BREAKING NEWS: TIME LIMITED DUTY REDUCTION OPPORTUNITY FOR U.S. IMPORTERS
The U.S. Congress recently passed the American Manufacturing Competitiveness Act of 2016, which formalizes an administrative process for temporarily lowering duties on certain imported raw materials and finished goods. Under the revised Miscellaneous Tariff Bill (MTB), importers will be able to petition for duty.
What are these additional charges on my freight bill?
When moving goods by common carrier, shippers expect to pay based on factors such as mode of transport, weight, volume and distance traveled. But even after these variables are accounted for, sometimes the total freight charges can be substantially higher.