Friday, Jan 6, 2017
FTAs cut tariffs, which are taxes or duties to be paid on traded goods. However the tariff-cutting benefits of FTAs do not automatically happen. If you want to benefit from FTAs, there are steps you must actively take:
- determine if your product benefits from the FTA tariff cuts on offer
- assess if your product meets the FTA’s Rules of Origin
- obtain an FTA-specific Certificate of Origin/Declaration of Origin to accompany your exports.
The FTA Portal allows a busines to access information about potential benfits and the Rules of Origin.