Trade Agreement Manager

Due to the integration with the MIC Central Classification System, Global Customs Management and the Global Trade Content Service modules in this section, you can add the partners involved in this trade agreement. In today`s highly competitive global market, manufacturers and importers face the challenge of finding innovative ways to increase their market share. This includes understanding the various trade-related programs that can reduce risks and costs and improve import cycle time. Note: A trade agreement applies between an importing country and a country of origin, provided that they are part of two separate partners. Our customs management software supports various savings opportunities around the world, including free trade agreements, U.S. foreign trade zones, and other regional customs procedures. You can add the formulas that depend on the trade agreement in this section. These formulas are used to calculate values such as non-originating materials, originating materials, etc. Derived values can be used to calculate the regional percentage of value and the de minimis percentage. How do you build the business case for the funds you need to invest in automating global trade? Maximize your competitive advantage with free trade agreements.

For importers, this means identifying source suppliers in countries that have a mutual FTA program and then verifying that their goods are actually qualified. Managing multiple agreements for hundreds, if not thousands, of products is a long and laborious process. QAD Precision Free Trade Agreement is an automated customs compliance solution that simplifies this process. Our free trade agreement management solution determines the FHA origin of goods in terms of tariff lag, regional value content (RVC), country-specific HTS# prioritization, and de minimis thresholds using current FTA legislation in North America, Latin America, Europe and Asia-Pacific to ensure you never miss the benefits of preferential tariffs. Free trade agreements reduce or eliminate import duties on certain goods traded between signatory states. A product eligible for the FTA must meet certain conditions with respect to its production process and/or percentage of content from local sources. QAD Precision FTA meets the requirements of the FTA for all WTO-recognized trade agreements and covers rules of origin for all HTS headings. QAD Precision`s free trade agreement management solution helps improve customer satisfaction by ensuring timely receipts are created.

Our FTA software automatically creates high-quality guarantees of origin and cover letters for your customers, and automatically requests certificates of origin from suppliers. Unexpected pricing can hit costs in your global supply chain hard. That`s why we`ve developed our ONESOURCE Free Trade Agreement (FTA) Management FTA software to help you reap the benefits of free trade agreements by identifying ways to qualify goods according to the FTA`s specific rules of origin. Streamline logistics processes and reduce manual work to comply with FTA guidelines and reduce or eliminate tariffs. The unique architecture of our FTA software can adapt to all existing, changing or future free trade agreements, including NAFTA, CFFTA, CAFTA, AFTA, ILFTA, CAFTA, CAFTA and NAFTA. There are already more than 400 ratified free trade agreements (FTAs) around the world to improve trade between participants and enable businesses to achieve tariff savings, resulting in a competitive advantage. However, companies can only take advantage of these potential savings and competitive advantages if they comply with a number of complex rules of origin and maintain detailed documentation. This requires them to set up a process for calculating the origin of goods that meets legal and auditory requirements in order to avoid possible fines and unforeseen future costs. Note: This grid appears only if the value of the gtm.tradeAgreement.memberNationGrid.display property is set to true. QAD Precision`s automated free trade agreement software performs an automatic audit trail of the FTA origin assessment and archives certificates of origin to simplify your interactions with customers and compliance officers.

This paperless archive complies with record storage rules and makes document storage and retrieval virtually effortless. You can add regions that participate in this trade agreement. Our free trade agreement management solution helps you minimize costs by qualifying for preferential treatment of your goods. With our customs compliance software, you can choose the FTA rules of origin you need and potentially save thousands of dollars instead of buying predefined rules content. Plus, our simple onboarding process means you can get "up and running" in days or weeks – not months – so you can quickly get a return on investment. Trade agreements, also known as free trade agreements (FTAs), are international agreements between governments aimed at removing or reducing tariffs on a defined set of articles. Free trade agreements such as the North American Free Trade Agreement (NAFTA), the ASEAN-China Free Trade Area (ACFTA), the Central American Free Trade Agreement (DCFTA) and others help exporters by making their products affordable abroad and helping importers reduce their tariffs and taxes. Use your data to find the best strategies for using FTAs when agreements and location decisions in the supply chain overlap. The QAD Precision Free Trade Agreement solution reduces the burden of FTA compliance by automating the most time-consuming and laborious steps. This also includes the automatic qualification of goods in accordance with the applicable preferential provisions.

With our free trading software, you can get answers in real time – and in fractions of a second. With our suite of solutions, you can consolidate all global business processes through a single user interface for everyone involved in the supply chain. The QAD Precision Free Trade Agreement solution manages all trade agreements recognized by the World Trade Organization (WTO) in all regions of the world and covers rules of origin for all Harmonized Customs Items (HTS). With QAD Precision`s free trade agreement management solution, you can request incoming certificates of origin from suppliers, easily evaluate your entire product line according to FTA rules of origin, get a complete detailed audit trail of results, and generate outbound certificates of origin for customers. Our software integrates seamlessly with your existing ERP and enterprise systems to enable consistent, refined calculations and centralized data. To learn how QAD Precision can optimize your company`s compliance with free trade agreements, make an appointment today. Use this page to create, view, or edit an existing trade agreement. Free trade agreements give global shippers a competitive advantage, but compliance with free trade agreements is complex and time-consuming. In this white paper, we look at the ROI of automating FTA compliance. Export compliance and management software that gives you more control over sharing, reviewing, and creating documents.

Note: The Member Countries section is deprecated starting with version 21A. Please use the Partners section instead. In terms of cost optimization and competitive advantages through simulations, free trade agreements help companies grow their businesses and attract investment. You can also help: Get real-time reports for FTA compliance, including alerts when original thresholds might be exceeded. Customs Consulting – United States – Mexico – Canada Agreement (USMCA) Register and watch our origin calculation webinars whenever you want: Need more information on how our solutions can work for you? Write to us and someone from our sales team will contact you. MIC OCS helps you take advantage of current free trade agreements (e.B. CETA, NAFTA/USMCA, JEFTA, ASEAN, EU-MERCOSUR, etc.) or upcoming agreements (e.B. EU-Singapore, EU-Vietnam, etc.) to improve your competitive position. Reducing or eliminating your Manufacturing Processing Fee (MPF) rights and exemptions is a smart business strategy.

Whether you`re focusing on USMCA (formerly NAFTA), solicitation, storing key data, or creating certificates, our online system can be cost-effectively tailored to your specific FTA needs. Rules of Origin: Why are they important and how can they be respected? Through efficient management of supplier declarations and the correct use of FHA Support FTA compliance monitoring using our system-based document retention for easier verification. Contact us to find out how our solution can help you benefit from the USMCA and other free trade agreements. QAD Precision`s FTA solution enables centralized use of a vendor portal. This allows access to and update specific FTA data from suppliers, such as HS commodity codes, country of origin, FTA status and criteria. Suppliers can also attach and upload their Certificates of Origin and Long-Term Delivery Declarations (LTSDs) for the coming year required to support source materials as part of the FTA qualification process. Trade Compliance & Trade Management Solutions – United States. For manufacturers, this is a complex process that begins with the extraction of production boms (BOM) and the execution of the calculation of the respective contents. This is just the beginning. If their goods qualify, manufacturers will potentially have to create and distribute thousands of FTA Certificates of Origin – a process that may need to be repeated several times during the calendar year.

Or you can call a representative in your area applying the latest rules of origin for current and future free trade agreements. Take advantage of the transition from NAFTA to the Agreement between the United States, Mexico and Canada (USMCA), reduce customs costs and get goods to their destination faster. to automate the collection of supplier declarations with direct data entry by the suppliers themselves Right-click on any ID to launch the following SmartLinks: Processes that avoid possible unforeseen fines and costs in advance Manage the certification of suppliers and FTAs and validate thresholds online. .