Free Trade Agreements (FTAs)

What is a Free Trade Agreement (FTA)?

A Free Trade Agreement (FTA) is a treaty between two or more countries that aims to eliminate or reduce trade barriers, such as tariffs and import quotas.  Importers benefit from FTAs by lowering costs through reduced tariffs, enhancing competitive pricing, and optimizing supply chains.

 

How do FTAs impact businesses?

FTAs promote economic growth by harmonizing international trade practices and eliminating tariffs, thereby making products more affordable.  Using FTAs, member states formally agree to international labor and quality standards, intellectual property rights, and environmental protections.  FTAs enhance global competitiveness by enabling businesses to operate in larger markets and integrate more deeply into the global economy.  Consumers benefit from a wider variety of goods at lower prices due to reduced tariffs and increased competition.  For example, the United States-Mexico-Canada Agreement (USMCA) strengthens economic ties among the U.S., Mexico, and Canada, fostering a competitive free trade market and driving economic growth within North America.

 

How can Schulz Trade Law PLLC (STL) help clients with FTAs?

Schulz Trade Law PLLC (STL) assists companies in navigating the legal complexities of Free Trade Agreements to maximize duty savings and minimize costs.  Our trade attorneys and analysts offer expertise in FTA eligibility analysis, including product classification and complex evaluations of the rules of origin.  STL helps companies ensure FTA compliance through proper certificate of origin preparation, ruling requests, and meticulous recordkeeping.  STL’s customs and tariff advisory services help clients capitalize on tariff reductions, while our supply chain management services optimize sourcing and logistics to mitigate risks.  Additionally, STL provides compliance training and capacity-building programs, including tailored procedures and staff training to ensure full compliance with FTA requirements.