Understanding NAFTA and its Implications for U.S./Canada Trade
In the 20 years since the North American Free Trade Agreement (NAFTA) took effect, trade between the US and Canada has increased by 300 %, and the countries are each other's top trading partners. A key provision of the agreement is the elimination of duties on eligible products traveling between the U.S., Canada, and Mexico. Eligible products "originate" in one of the three countries, and NAFTA lays out detailed "rules" as to what constitutes origination. Determining NAFTA eligibility, and knowing how to apply for benefits can be time-consuming and complicated.
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Port of Baltimore May Not Reopen Until Summer Sales & Operations Planning (S&OP) Mastery A New Priority Greets Procurement Professionals in 2024 Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse Maximizing the Bottom Line: The Power of Procurement More NewsIn the 20 years since the North American Free Trade Agreement (NAFTA) took effect, trade between the US and Canada has increased by 300 %, and the countries are each other’s top trading partners.
A key provision of the agreement is the elimination of duties on eligible products traveling between the U.S., Canada, and Mexico. Eligible products “originate” in one of the three countries, and NAFTA lays out detailed “rules” as to what constitutes origination. Determining NAFTA eligibility, and knowing how to apply for benefits can be time-consuming and complicated.
Purolator Inc. has released a new white paper that details the NAFTA eligibility process along with other key aspects of the trade agreement.
Download your complimentary copy of “Understanding NAFTA and its Implications for U.S./Canada Trade.”
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