Trade Preference Management

process category

Trade Preference Management determines the eligibility of products for reduced import duty rates. Eligibility is determined using content-based rules-of-origin detailed in preferential trade agreements between trading partner’s countries.
Involving time-consuming vendor-declaration gathering, complex product-content origin analyses, and sophisticated numerical data processing algorithm, preference determination is costly, error-prone, and risky when done manually or without the aid of a purpose-built solution.
GTS automates this entire process enabling organizations to claim duty reductions and to comply with their customer’s need for vital product origin certification.