Best Practices for Managing NAFTA
March 1, 2011
After surveying import and export compliance managers from 200 firms, Customs & Trade Solutions Inc and Management Dynamics have compiled key statistics into our latest benchmark study, “Best Practices for Managing NAFTA and Free Trade Agreement Programs.
This benchmark study uncovers best practices for implementing and optimizing NAFTA while divulging key statistics, such as:
- 86% of all firms used a manual process to manage their NAFTA data
- Only 34.3% of all companies were confident of the information they shared with Customs and their Customers through the NAFTA certificate
- 32% of respondents have had their customs group audited in the last 3 years
The insight provided will open the door to understanding how firms operate NAFTA qualifying programs, where the expertise exists within their firms and the savings and struggles associated with maintaining the program from year to year.
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