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Free Trade Agreement Form D

Free Trade Agreement Form D: An Overview

Free Trade Agreements (FTAs) are trade agreements between two or more countries that aim to facilitate the movement of goods and services between them while also reducing trade barriers such as tariffs and quotas. In order to qualify for the benefits of an FTA, businesses must adhere to certain rules of origin and provide appropriate documentation, such as Free Trade Agreement Form D.

What is Free Trade Agreement Form D?

Free Trade Agreement Form D is a document that certifies the origin of goods for the purpose of FTA tariff treatment. It is a specific type of certificate of origin that is required by some FTAs, including the Australia-United States Free Trade Agreement (AUSFTA), the Korea-United States Free Trade Agreement (KORUS), and the United States-Mexico-Canada Agreement (USMCA). The purpose of Form D is to ensure that goods that benefit from FTA tariff treatment actually originate from the FTA partner country.

Who can use Free Trade Agreement Form D?

Form D can be used by any business that exports goods to an FTA partner country and wishes to claim preferential tariff treatment under the FTA. In order to be eligible for FTA tariff treatment, the goods must meet the specific rules of origin set out in the FTA. These rules vary depending on the FTA and the product being exported.

How to fill out Free Trade Agreement Form D?

Free Trade Agreement Form D must be completed by the exporter and the importer. The exporter should provide the following information on Form D:

1. Name and address of exporter

2. Name and address of importer

3. Description of goods

4. FTA under which the goods qualify for preferential tariff treatment

5. Statement of origin

6. Declaration by the exporter

The importer is responsible for providing any additional information that may be required by the importing country, such as a copy of the commercial invoice.

Why is Free Trade Agreement Form D important?

Free Trade Agreement Form D is important because it provides evidence that the goods being exported actually qualify for preferential tariff treatment under the FTA. Without this documentation, the importing country may assess higher tariffs on the goods, which can significantly increase the cost of doing business. It also helps ensure that goods are not being improperly sourced from non-FTA countries and sold as FTA-eligible products.

In conclusion, Free Trade Agreement Form D is a critical component of exporting goods to FTA partner countries. By completing this document correctly, businesses can ensure that they receive preferential tariff treatment under the FTA and comply with the rules of origin. It is essential that businesses understand the specific requirements of the FTA they are utilizing and work closely with their importing partners to ensure that all necessary documentation is completed accurately and on time.

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