This training program will address how the impact of multiple free trade agreements will have an effect on a merchant’s duty rates and resources allocation, production, and trade patterns. It will focus on the duty management roles when it relates to the importer in understanding how to reduce taxes and tariff costs in the geopolitical international trading environment.
As importers or exporters, we must learn how to manage costs attributed to duties that can be imposed by the customs authority of the transactional region. This webinar will explore how this trade agreement review process will explain the merchants’ responsibility in understanding and use the various duty management options in compliance with multilateral trade agreements.
It will also focus on why it is imperative that merchants have a good understanding of trade agreements and duty compliance processes, which can lead to legal and coordination challenges that might cause delays in their product entering the marketplace.
Why Should You Attend:
The Mexican Maquiladora/PYTEX programs have evolved over the past 60 plus years into today's IMMEX (Industria Manufacturera, Maquiladora y Servicios de Exportacion) program. It allows qualifying companies a greater range of activities they can take part within the Mexican territory. Given its temporary imports under bond options, this program has a rigorous documentation maintenance requirement. It will review this special regime's bonded production/assembly options, how you can best take advantage of it and how to maintain it.As importers or exporters, we must learn how to manage costs attributed to duties that can be imposed by the customs authority of the transactional region. This webinar will explore how this trade agreement review process will explain the merchants’ responsibility in understanding and use the various duty management options in compliance with multilateral trade agreements.
It will also focus on why it is imperative that merchants have a good understanding of trade agreements and duty compliance processes, which can lead to legal and coordination challenges that might cause delays in their product entering the marketplace.
Learning Objectives:
- Aim of the IMMEX program
- Who is eligible to obtain an IMMEX program
- How to manage an IMMEX program
- Non-tariff measures application
- IMMEX obligations
- Difference between IMMEX and other export promotion programs
- How the FTA's affected the application of import tariffs to IMMEX importations
- Customs value on IMMEX operations
Areas Covered in the Webinar:
- Brief history
- Maquiladora formation and regulations
- IMMEX registration requirements
- NAFTA Certificate of Origin
- Combining IMMEX and NAFTA
- Annex 24 & 31- IMMEX
- Eligible operations
- Benefits
- Program cancellations
- Mexican FTAs
- Gain awareness for the regime
- Understand its requirements
- Recognize the program's benefits
- Distinguish the program's obstacles and resource requirements
- Be aware of the penalties and program cancellations
Who Will Benefit:
- CFOs
- Trade and Finance Controllers
- Logistics Professionals
- Plant Managers
- Supply Chain Professionals
- Sourcing Specialists
- Shipping/Receiving Staff
- Procurement Analysts
- Global Trade Managers
- Integration Managers
- Risk Management Manager
- Decision Makers
Course Provider
Rossano V Gerald,
