Tariffs
Preferential Tariff Rate
A reduced or zero duty rate applied to imports from countries with which a free trade agreement or other preferential arrangement is in effect.
A reduced or zero duty rate applied to imports from countries with which a free trade agreement or other preferential arrangement is in effect.
A preferential tariff rate is a reduced or zero duty rate granted to goods imported from countries that have a free trade agreement (such as the USMCA/T-MEC) or other preferential trade arrangement with the importing country. To qualify, merchandise must meet the rules of origin specified in the applicable agreement.
A preferential rate of 0% vs a general rate of 20% can save thousands of dollars per shipment. Always verify treaty eligibility.
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Learn more→USMCA (T-MEC)
Trade agreement between the United States, Mexico, and Canada that replaced NAFTA in July 2020, governing trade, investment, and intellectual property rules.
TradeRules of Origin
Criteria determining the economic nationality of goods, required to qualify for preferential tariff rates under free trade agreements.
DocumentsCertificate of Origin
Document certifying that goods originate in a specific country, required to claim preferential tariff rates under trade agreements.
TradeFree Trade Agreement (FTA)
International agreement that eliminates or reduces tariffs and trade barriers between signatory countries.
TariffsAd Valorem Tariff
An import duty calculated as a percentage of the customs value of goods. It is the most common type of tariff in international trade.