Misuse of Free Trade Agreement

Misuse of Free Trade Agreements (FTAs) can have serious consequences, impacting business risks and resulting in penalties and loss of preferential duty. Common practices include misclassification of goods, submission of fake Certificates of Origin (CoO), superficial processing to falsely meet origin criteria, undervaluation, and rerouting goods through other countries to exploit trade routes. Please do go through the Snapshot from J the App by JustIDT on different way and means the abuse of FTA happens and the best practises an importer should adopt for avoiding misuse of FTAs.