The Instructor "Linda Sarabia" will discuss practical application of certificates of origin, considerations under amendments and how it will affect trade in various industries.
Objectives of the Presentation
Why Should you Attend
- Amendments chronology
- Sixth Amendment scope:
- Environment protection
- Public Safety
- International Trade tendencies
- Agricultural sector
- Chemical sector
- Lumber industry
- Textile and apparel
- Heavy machinery
- Transport sector
- Other sector
Prepare your company for new sets of amendments recommended by the World Customs Organization to the Harmonized Tariff Schedule effective January 1, 2017 which may affect your company.
Understand the rules that are required to classify products in the Harmonized Tariff Schedule. Minimize errors in classification and better prepare companies for import/export audits from the government. It will also assist companies who are eligible for free trade agreements, ex. NAFTA, CAFTA and other agreements, in properly completing Certificates of Origin.
Who will Benefit
- To learn the considerations under the Amendment
- To learn how the amendment will affect the classification of your products
- Freight Forwarders
- Customer Brokers
- International trade consultants
- US and Global Trade Compliance Professionals
- Supply Chain Professionals
- Attorneys and Legal Staff
- International Logistics Professional
- Sales & Marketing Professionals
The WCO Council, at its 123rd/124th Sessions in June 2014, adopted a Recommendation that lists recommended amendments to the Harmonized System (HS) nomenclature which will enter into force on 1 January 2017 (HS 2017).
This Recommendation is being promulgated under the provisions of Article 16 of the HS Convention, which implies that HS Contracting Parties now have six months to notify the WCO Secretariat of an objection to a recommended amendment.
Since the entry into force of the current version of the HS (HS 2012), the HS Committee has been revising this version of the HS nomenclature for almost five years. HS 2017 will be the sixth version of the HS since the Convention entered into force in 1983. HS 2017 will enter into force for all HS Contracting Parties, but will exclude any amendments objected to during the six month timeframe.
The new version of the HS includes 234 sets of amendments. Environmental and social issues are a major feature of these amendments, due to the importance of the HS as a global tool for collecting trade statistics and monitoring trade. This is borne out by the fact that the HS Convention currently has 150 Contracting Parties, making it the WCO's most successful international instrument to date.