International Trade Agreements

New and shifting free trade agreements present risks and opportunities for companies that move materials, parts, and products over borders. To navigate these risks and gain an advantage on the global market, complex manufacturers need deep visibility into their supply chains.

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Compliance With Major Trade Agreements

To navigate free trade agreements, manufacturers need to know the origin, route, and destination of the parts in their products as well as the countries they travel through. Any changes to a product or its sourcing will impact whether or not it falls under certain trade agreements. And that’s just to manage existing agreements. If a new trade agreement is brokered, manufacturers need to know, as it could impact their supply chain.

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Keeping up With Trade Agreements

With so many trade agreements worldwide, manufacturers must expend resources scoping each product type for each country. This requires spending time and resources contacting suppliers, collecting data, and organizing that information. On top of that, the data is always changing, and it can be difficult to collect data from multiple suppliers to ensure your company can continue to trade.

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The Risks of Non-Compliance With Major Trade Agreements

To keep up with changes and growing demands for transparency at international borders, manufacturers are spending significant internal resources on data collection instead of revenue-generating tasks. Without full transparency into their supply chain, instead of benefitting from discounts related to trade agreements, companies often overpay tariffs directly or through suppliers who pass tariff costs down to their customers. High prices related to unforeseen tariffs could also result in the loss of clients or market access.

The Assent Platform Advantage

Advanced Data Management

With Assent, gain easy access to parts and supplier information from deep in your supply chain to empower better data-driven decision making.

Detailed Reporting

Assent’s detailed dashboards and reports help you deep-map risks and opportunities in your supply chain.

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Why Assent

The Assent Advantage

Assent does what no one else can. We’re the only platform built specifically for complex manufacturers, allowing you to manage compliance data in a single platform — built on industry best practices — across your entire company. Our subject matter experts can also provide insight into product classification codes and available trade agreements.

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Go Deeper With Assent’s Complete Solution

Assent’s platform provides manufacturers with data and reporting capabilities, information security, integrations, program management, and supplier support. Learn more about our comprehensive approach to supply chain sustainability management.

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See why our supply chain sustainability platform is the number one choice for the world’s most sustainable complex manufacturers looking to simplify International Trade compliance.