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House Keeping • This event will be recorded and both the recording and the presentation slide deck will
be made available after the webinar
• You will all be in the “Listen Only” mode for the webinar
• If you have a question please use the “Ask a Question” function on your GoTo Webinars panel
• All questions will be addressed at the end of the presentation unless there is a common, reoccurring question
• If you are experiencing technical difficulties, please use the “Chat” function on your GoTo Webinars panel; OR email Maria directly at [email protected]
GHY International
• Our Vision
Is to be a leader in providing innovative, tailor-made solutions to North American importers and exporters.
• Our Mission
We are dedicated to providing the highest levels of personalized professional international trade services to our clients, whose needs shape all our endeavors.
GHY Values: C A R E • Clients are the reason we exist
• Associates matter
• Relentless pursuit of improvement
• Excellence in all we do
About the Presenter BOB COWIE • Bob is a Certified Customs Specialist, and is one of GHY’s longest serving associates,
having started with the company in 1972. He has worked in various operational roles, and was mentored by the previous generation of leaders to become one of the most accomplished experts in the garment and textile trade in Canada. He has extensive technical knowledge of Customs regulations, and works with our both our Canadian and US Account Managers and GHY’s clients on complex regulatory challenges.
• Bob is well known in the Manitoba region for his skill, energy, enthusiasm, and commitment to solving problems with creative and effective solutions for clients. He is a member of the Canadian Apparel Federation and works with Canadian and US Operations to provide value added solutions to clients who are shaping their trade related programs.
Global Free Trade Agreements Case Studies of Utilization – The
Risks, Benefits and Opportunities
March 30, 2015
Presented by Bob Cowie
FREE TRADE AGREEMENTS
• http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/fta-ale.aspx?lang=eng
• Enables you to compete on a more even playing field with local firms in the FTA Partner Country
• Reduction or Elimination of Duties - Immediate or over a period of time
• Reduction or Elimination of Quotas
FREE TRADE AGREEMENTS IN FORCE • Canada - Korea • Canada - Honduras • Canada - Panama • Canada - Jordan • Canada - Columbia • Canada - Peru • Canada - European FTA • Canada - Costa Rica • Canada - Chile • Canada - Israel • NAFTA
• Canada - United States FTA
• January 1, 2015 D Memorandum - D11-5-12 • October 1, 2014 D Memorandum - D11-5-3 • April 1, 2013 D Memorandum - D11-5-11 • October 1, 2012 D Memorandum - D11-5-10 • August 15, 2011 D Memorandum - D11-5-9 • August 1, 2009 D Memorandum - D11-5-8 • July 1, 2009 D Memorandum - D11-5-7 • November 1, 2002 D Memorandum - D11-5-3 • July 1, 1997 D Memorandum - D11-5-4 • January 1, 1997 D Memorandum - D11-5-6 • January 1, 1997 D Memorandum - D11-5-1 • January 1,1989 SUPERSEDED BY NAFTA WHICH
INCLUDES MEXICO
• http://www.cbsa-asfc.gc.ca/publications/dm-md/d11-eng.html
• Canada - Trans Pacific Partnership - October 1 , 2015
• Canada - European Union : Comprehensive Economic and Trade Agreement (CETA) - August 5, 2014
• Canada - Ukraine - July 14, 2015
FREE TRADE AGREEMENTS CONCLUDED
ONGOING FREE TRADE AGREEMENT NEGOTIATIONS
• Canada - Caribbean Community (CARICOM)
• Canada -Guatemala, Nicaragua and El Salvador
• Canada - Dominican Republic
• Canada – India
• Canada – Japan
• Canada- Morocco
• Canada – Singapore
• Modernization of the Canada - Costa Rica Free Trade Agreement
EXPLORATORY DISCUSSIONS • Canada - Mercosur
• Canada - Turkey
• Canada - Philippines
• Canada - Thailand
FREE TRADE AGREEMENTS • Australia Free Trade Agreement (AUFTA) • Bahrain Free Trade Agreement (BHFTA) • Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) • Chile Free Trade Agreement (CLFTA) • Colombia Trade Promotion Agreement (COTPA) • Israel Free Trade Agreement (ILFTA) • Jordan Free Trade Agreement (JOFTA) • Korea Free Trade Agreement (UKFTA) • Morocco Free Trade Agreement (MAFTA) • North American Free Trade Agreement (NAFTA) • Oman Free Trade Agreement (OMFTA) • Panama Trade Promotion Agreement (PATPA) • Peru Trade Promotion Agreement (PETPA) • Singapore Free Trade Agreement (SGFTA)
• http://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements
• Side by Side Comparison of Free Trade Agreements and Selected Preferential Trade Legislation Programs - Non Textiles: http://www.cbp.gov/sites/default/files/documents/Side-by-Side-7_7_15.pdf
• Know your responsibility before making a Trade Agreement Claim with respect to Reasonable Care, Recordkeeping and Customs Value
• Textile sector is one of the largest manufacturing employers in the United States
• 40% of the duties collected by CBP in fiscal year 2014 were related to textile imports
• Average duty rate of 16% and more than $21.1 billion of entered textiles and wearing apparel claim preferential tariff treatment
• High Risk for non compliance and therefore a CBP Trade Priority
FREE TRADE AGREEMENTS
AWARENESS • Advance Rulings for Origin Under Free Trade Agreements:
http://www.cbsa-asfc.gc.ca/publications/dm-md/d11/d11-4-16-eng.html
• Sourcing Changes - The GOOD - The BAD - The UGLY
• Direct Shipment Requirements
QUESTIONS?
If you require further information, please contact:
• Bob Cowie: [email protected] Phone: 204-947-6700 ext. 237