Trade Agreements are political hot potatoes, which as a trade attorney, I always find interesting. The presidential candidates have been debating the pros and cons of trade agreements for years from a 60,000-foot level. Is the agreement good for us or not? Well now there is a Commerce Department tool that will help companies determine if a trade agreement will cut tariffs for a specific export market for a particular product. This could be a real tool for the exporting community. Right now the tool is for the Trans-Pacific Partnership (TPP) and focuses on goods going to 25 markets. You can search by tariff code or key word. This is simple, but really useful.
Once you check your products, you can develop a strategy to expand your sales.
For more information contact: FTATariffTool@trade.gov or call your Baker Donelson attorney.
Office of Exporter Services may post its recent Webinar on the topic on line.