Preference Utilisation

Ever heard of “preference” in trade? It’s like rolling out the red carpet for certain products based on where they’re from. If your products align with the origin rules in a Trade Agreement, it can unlock the door to reduced tariffs, more lenient quotas, and favourable trade terms.

In simpler terms, meeting origin requirements in an agreement grants your product “preference.” This means you’re paying lower tariffs than those non-qualifying goods.

High utilisation rates signal businesses are able to comply with preferential rules of origin, qualifying for tariff perks. On the flip side, low utilisation might mean some hurdles are getting in the way of tapping into these benefits.

Join our webinar, as we dive into the details, guiding you on how to leverage these benefits to your advantage.