August 27, 2024
Missed Out on USMCA Benefits? Here’s How US Importers Can Still Save
If your business has been importing goods from Canada or Mexico without taking advantage of the United States-Mexico-Canada Agreement (USMCA), you could be leaving money on the table. The good news? U.S. importers can file retroactively to claim refunds on duties paid, provided the goods meet USMCA’s rules of origin. At Kendrick Trade, we’re here to help you navigate this process. Learn how you can verify eligibility and reclaim those funds before it’s too late.
Do you know how much you’ve paid in duties on North American imports—and how much you could save with USMCA?
Many businesses are surprised to learn that the average U.S. import duty rate hovers around 2% to 3% of the total value of imported goods. For companies importing from Canada or Mexico, these costs can add up quickly. The United States-Mexico-Canada Agreement (USMCA) offers a way to reduce or even eliminate these duties on qualifying goods, potentially saving your business a substantial amount. By ensuring your goods meet USMCA’s rules of origin, you could reclaim these funds—even retroactively. It’s worth exploring whether you’re maximizing these benefits!
Kendrick Trade specializes in USMCA qualifications, helping businesses navigate the complexities of trade compliance under this agreement. By ensuring your operations meet the necessary criteria, Kendrick Trade can help you unlock the full potential of the free trade agreement. Visit Kendrick Trade to learn more about our services and how we can support your business in making the most of USMCA 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.
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