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Manage Trade Agreements

The emergence of Free Trade Agreements provides substantial duty saving opportunities to global companies who can react to dynamic sourcing and market conditions.

However, qualifying for privileged duty status and managing documentation throughout the procurement, manufacturing, and fulfillment lifecycle can be an expensive and time-consuming manual process. Leading importers are adopting solutions that automate the process of managing suppliers and the subsequent qualification and compliance processes required to benefit from the lower duty rates of preferential trade agreements.

Look for solutions that interface with an existing ERP system, manage complex bills of materials, collaborate with suppliers, generate trade documents and automatically determine trade agreement qualifications.

More Information  Global Knowledge®