May 13, 2025
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Compliance is Essential: Proper adherence to Free Trade Agreements product specific rules of origin is not just best practice but a necessity. Non-compliance can lead to significant penalties, including fines, back-dated duties, and reputational damage.
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Reasonable Care: Regulatory agencies assess whether businesses have implemented processes to ensure compliance. Demonstrating ‘reasonable care’ involves actively understanding and meeting rules of origin, maintaining accurate documentation, and continuously monitoring compliance.
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Risks of Non-Compliance: Inadequate documentation or inaccuracies can result in audits, financial penalties, and disruption of supply chains, potentially damaging relationships with customers and suppliers.
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Kendrick Trade offers a qualification tool designed to automate and streamline the compliance process.
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Accurate and Efficient Compliance: Automation of the complex rules of origin across multiple products and suppliers. We make no assumptions about your products.
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Time and Resource Optimization: Reduction of manual tasks, allowing teams to focus on strategic initiatives. No integration required.
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Audit-Ready Documentation: Provision of detailed qualification worksheets and certifications to meet regulatory standards.
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Transparent Pricing and ROI: Straightforward pricing based on the number of finished goods.
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The Cost of Inaction: Relying on manual processes or neglecting FTA qualification can lead to increased scrutiny and penalties in an increasingly regulated trade environment.
Conclusion:
Utilizing tools like Kendrick Trade’s qualification software is not merely about compliance; it’s about safeguarding your business against financial and reputational risks. By ensuring accurate FTA qualification, businesses can confidently claim preferential treatment, maintain robust supply chains, and focus on growth.
Take our USMCA risk assessment:
https://www.kendricktrade.com/usmca-risk-assesment
Contact Us: info@kendricktrade.com
Kendrick Trade specializes in FTA qualifications, helping businesses navigate the complexities of trade compliance under free trade agreements. By ensuring your operations meet the necessary criteria, Kendrick Trade can help you unlock the full potential of these agreements. Visit Kendrick Trade to learn more about our services and how we can support your business in making the most of FTA benefits.
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Disclaimer: Kendrick Trade does not provide legal advice or opinions on compliance with laws or regulations. Always consult official sources for trade-related decisions.