What options does a company have with NAFTA?
There are 3 options to consider:
- Use the recommended services of a Customs Broker to handle any services related to NAFTA such as record keeping, maintenance, and consulting.
- Do not participate in NAFTA. Be charged the Most Favoured Nation duty rate on all transactions when NAFTA preferential duty rates apply.
- Take care of all NAFTA issues yourself and do not get charged for performing those services. A Declaration letter on company letterhead is required for CBSA purposes.