Duty Management: The Alphabet Soup

Posted by Ryan Gudovitz

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NAFTA, CAFTA, TPP, FTZ... How do you spell “Trade?”

All the acronyms used to reference trade and duty programs can sound a lot like alphabet soup. But they represent a variety of opportunities for exporters to grow their business overseas by making their products more affordable in growing markets. Furthermore, FTAs and FTZs allow importers to dramatically lower the duties and taxes they pay. 

Savings from these programs can be significant, and are often measured in the millions to tens of millions of dollars annually. And yet, many shippers don’t participate because the complexity of each unique trade agreement and the difficulty navigating the regulatory intricacies. 

Please join FDRA and Amber Road for a complimentary webinar broadcasting live on Thursday, July 14th at 2pm EST. During this webinar, industry experts will review existing and new trade agreements all around the world and how to better leverage technology to simplify and automate duty management processes.

Key topics will include:

  • Industry research regarding preferential trade program utilization
  • Automating supplier solicitation, qualification and certificate management processes
  • Managing the audit trails of preferential claims

Presenters include:

  • Gary M. Barraco, Director, Global Product Marketing, Amber Road
  • Phanibhushan Reddy, FTA Product Manager, Amber Road
  • Eric Johnson, Editor, American Shipper

Join us to discover how automating duty management processes can help maximize your company’s duty savings!

This post was published on July 1, 2016 and updated on July 15, 2016.

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Topics: Duty Management, Global Trade Management, Foreign-Trade Zones, Free Trade Agreements