| Highlighted Capabilities |
|---|
|
Reduce Logistics Costs, Duties, Fees and Taxes
Product Claim Details and Storage
Issues and Challenges
Identifying a potential trade agreement for a product is not enough to fully exercise an agreement's claim. Companies submitting the claim are required to provide supporting information and documentation. This includes specific details about product qualification (preference criteria, COO, etc.), product information and specific certificates of origin. This information varies from one agreement to another and can be difficult to manage and monitor within one product repository.
How Amber Road Can Help
Amber Road's Trade Automation solution provides a supporting page behind every agreement. This supporting page contains the specific "claim details", or data elements required to make a preferential claim for that specific agreement. By storing documentation in a central location, companies can better manage the agreement qualification process and respond quicker for any auditing purposes.
Duty Management
Free trade agreements such as NAFTA, CAFTA and others represent an attractive opportunity for exporters to grow their business overseas by making their products more affordable in growing markets. And for importers, FTAs allow them to dramatically lower the duties and taxes they pay.
Today there are more than 500 free or preferential agreements around the world for companies to use.
Customer Testimonial: Benjamin Moore
Peter Shea, Senior Manager, Customs Import/Export Compliance at Benjamin Moore, discusses how they have automated the NAFTA qualification process with Amber Road.
Benjamin Moore achieved more progress in four months than in the past 15 years, making a huge impact on their business and impressing the COO. Interested in achieving those same results? Learn more about saving on duties through free trade agreements.
KEY CUSTOMERS
“Using Amber Road, there is now higher awareness and consideration of preferential customs tariffs, which enriches our strategic decision making.”
In-House Legal Counsel
ABB
UPDATE YOUR EMAIL PREFERENCES
To receive FREE Global Trade
Management Tools and Resources
Global Trade Minute #3 - Duties versus Tariffs
While often used interchangeably, duties and tariffs are not the same. Take a minute to learn the difference -- it will help you identify cost savings opportunities within your supply chain!
