NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) MANAGEMENT PROGRAM
Are you taking full advantage of The North American Free Trade Agreement (NAFTA) and its preferential duty rates?
Near North Customs Brokers can help you take full advantage of NAFTA to ensure your company receives the maximum allowable cost savings.
We will do the following for you:
- Product classification.
- Review all supplier information.
- Produce and manage valid Certificates of Origin.
Obtaining accurate Certificates of Origin is essential in order to be able to take full advantage of NAFTA.
The Near North NAFTA Management Team will:
- Prepare and send out a Certificate of Origin package to each of your suppliers.
- Provide technical assistance as an aid in their completion.
- Review the existing certificates for accuracy.
Benefits of working with Near North Customs Brokers:
- Maximum NAFTA duty savings.
- Minimize your risk under Canada’s new Administrative Monetary Penalty System (AMPS);
- Significant fines (ranging up to $5,000 per instance) can be assessed for using an incorrect tariff treatment or for the failure to have a valid certificate on hand at the time of import.
- Penalties for recordkeeping infractions of up to $25,000 may also be levied by Customs.
- Remove the administrative burden of collecting and verifying NAFTA certificates of origin.