Coffee Break: How to Take Advantage of CETA, the New …€¦ · · 2017-07-06Coffee Break: How...
15
Coffee Break: How to Take Advantage of CETA, the New EU-Canada FTA Hosted by United States Fashion Industry Association (USFIA) and Kelley Drye & Warren LLP July 6, 2017 2:00 P.M. Eastern/11:00 A.M. Pacific
Transcript of Coffee Break: How to Take Advantage of CETA, the New …€¦ · · 2017-07-06Coffee Break: How...
Coffee Break: How to Take
Advantage of CETA, the
New EU-Canada FTAHosted by
United States Fashion Industry Association (USFIA) and
Kelley Drye & Warren LLP
July 6, 2017
2:00 P.M. Eastern/11:00 A.M. Pacific
Do you have a question?
During the webinar, all attendees will be assigned to listen-only mode. Please use the Questions box on your dashboard to ask a question during the webinar.
HOW TO TAKE ADVANTAGE OF CETA, THE NEW EU-CANADA FTA
LAURA SIEGEL [email protected] (212) 808-7706
JULY 6, 2017
Agenda
How to qualify under the new FTA
What is considered an “originating “ product
What are the rules origin
How to use CETA’s quotas
What are the recordkeeping requirements
How to import through the United States into Canada
4
CETA
Comprehensive Economic and Trade
Agreement (“CETA”)
Tariff elimination across all sectors
CETA rules of origin
Tariffs on 98% of goods – including apparel
and footwear – eliminated immediately
Signed and ratified
Status
5
Review Supply Chains
Manufacture in EU/CA and sell to customers
in EU/CA
If Manufacture outside of EU/CA:
▪ Components sourced
▪ Costs
▪ Factories
▪ Shipping costs and time
▪ Price of finished goods
▪ Value of “Made in EU” or “Made in Canada”
6
How to Qualify
“Originating” product
Quotas
Product specific rules of origin
7
“Originating” Product
Exclusively from originating materials from the EU/CA
▪ Example:
EU fabric
Cut and sewn in EU
8
Quotas
Certain products with foreign components
Manufactured in EU/CA
Cut and sewn in member country
If more than 80% of quota used will be increased.
9
Quotas
Examples:
▪ Men’s suits from CA to EU –
95,000 units (62.03)
▪ Cotton t-shirts from CA to EU –
342,000 units (6109.10)
▪ Women’s knit blouses from EU
to CA – 126,000 units (61.06)
▪ cutting and sewing
10
Product Specific Rules of Origin
Partial foreign components
Cutting and sewing in member country
“Focused value” for foreign components
Record keeping requirements
▪ Supplier statement of non-originating materials
▪ Declaration of origin
11
Product Specific Rules of Origin
12
Importing Through the U.S.
Manufactured in EU and selling in CA
Unloading and re-loading
Remains under U.S. Customs control
13
Que s t i o n s ?
Please use the “Questions” box on your dashboard on
the right side of your screen.
C on t a c t u s a f t e r t he w eb i na r :
Email: [email protected]
Twitter: @usfashion
Phone: +1-202-419-0444
