Nafta Trade Agreements Documentary Requirements

NAFTA Trade Agreement’s Documentary Requirements for Freight MovementNameCourseTutor’s NameDateThe United States has been in the North Atlantic Free TradeAgreement (NAFTA) for more than 30years. NAFTA was negotiated between the United States, Mexico and Canada it has recently been subject to renegotiation moves with an objective of retaining higher paying jobs in the United States (Office of the United States Trade Representative, 2018). The purpose of the North American Free Trade Agreement (NAFTA) is to establish a free-trade zone in North America. The agreementwas signed in 1992 and took effect on Jan. 1, 1994. The documentary requirements for freight movement in the NAFTA region are much similar to the documentary requirements for freight movement in international trade.Airfreight shipments must have Air Waybills (AWB), which is the contract between the shipper and airline. The AWB should state the terms and conditions of air transportation and is non- negotiable.Sea freight is processed through an Ocean Bill of Lading (B/L). An ocean Bill of Lading is both a receipt for cargo in transit, and a transport contract between the exporter and the ocean carrier.