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THE FIRST TOOL – THE TRADE AGREEMENTS DATABASE

By Andrew Leighton | 01 February 2017

re:source is set to contain a number of tools designed to help those involved in apparel sourcing perform their roles more easily.

The first tool we will be releasing – and that you'll be testing as part of this program – is our free trade agreements and tariffs database.

Let's take a look at the database in more detail…

The trade agreements database – in bulletpoints

Here's our lightning-fast rundown of what our first tool is all about.

  • The database contains over 70 trade agreements, the majority of which are Free Trade Agreements, with 15 being Trade Preference Agreements:
    • 17 are relevant to Canada (and its trading partners);
    • 16 are relevant to EU;
    • 16 are relevant to Japan;
    • And 23 are relevant to the US.
  • The database's homepage provides lists of all trade agreements and all countries, with links to each of their homepages.
  • Each free trade agreement has a dedicated page. That page contains:
    • A list of partner countries;
    • Rules of Origin (RoO) guides;
    • What textiles and materials fall under the RoO;
    • What garment products have RoO exceptions;
    • Relevant news from just-style;
    • And the ability to download data.
  • Likewise, each country has their own page, which will include:
    • Commentary on the country's free trade prospects (initially just for a selection of countries);
    • Trade agreements the country is included in;
    • Relevant news from just-style;
    • And a selection of quick statistics.

The key features of the free trade agreements and tariffs database are:

  • The ability to home in on the specific countries you're interested in producing from and shipping to;
  • The search tool, which lets you find apparel products by HS-code, category, gender, and material;
  • The tariff finder tool, which helps you quickly find average duty plus any trade agreement and its duty rates – for products to/from countries;
  • You'll also be able to create, edit, save and export your own alerts, dashboards and searches with "my re:source", and share them with your colleagues.

If you haven't seen it before, here's a video tour of the free trade agreements and tariffs database:

What questions we think it might answer

Based on initial conversations we've had with customers, we think our first tool can answer the following important questions:

  1. Which trade agreements contain preferential- or free-duty for apparel products (and are therefore relevant to me)?
  2. Which import countries have apparel-related trade agreements, and with which exporting countries?
  3. For any exporting country, which trade agreements are they a member of?
  4. For any trade agreement, which countries are included?
  5. Which countries are World Trade Organization (WTO) members, and are therefore eligible for Most Favoured Nation (MFN) status?
  6. What is the harmonized system (HS) code number for this product?
  7. What products are made out of this material?
  8. What average tariff applies to this product when imported to this country?
  9. What preferential- or zero-tariff applies to this product when traded between certain countries?
  10. How do the tariffs compare for multiple products when traded between certain countries?
  11. What are the rules of origin for apparel products under this trade agreement?
  12. When was this country added to this trade agreement?
  13. Which trade agreements are not yet ratified?
  14. What products have exceptions to the general rules of origin under this trade agreement?
  15. What are the rules of origin for yarns, fibres and fabrics under this agreement?

Quite a list – and we hope these questions resonate with some challenges you experience.


Tagged in this post: Trade Agreements

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