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ROCKVILLE, MD, June 29, 2005 - NextLinx Corporation, the leading provider of global trade content and management solutions, today announced the availability of its enhanced Trade Agreements solution, in response to the proliferation of new preferential free trade programs. The product enables companies to manage, utilize and qualify for duty savings under the new US-Australia, US-Chile and US-Singapore trade agreements in addition to NAFTA, CBTPA and others. With many companies lacking the internal resources and expertise to manage these programs, NextLinx provides the added flexibility to maximize cost savings from trading with new and existing qualifying countries.
A pioneer in global trade management, NextLinx anticipates changing customer requirements as sourcing opportunities abroad increase with the rise of new free trade agreements. Accordingly, the NextLinx Trade Agreements module offers customers a fully flexible solution that is easily adaptable to the addition of new trade preference programs.
Fully integrated into Trade Collaborator v12.2, NextLinx's newest version of its enterprise global trade software platform, Trade Agreements supports the complete process of trade agreement qualification, certificate of origin and supplier certification management, and record keeping and reporting, for manufacturing customers such as Haworth, Honeywell, Mary Kay, Scientific-Atlanta and VF Corporation.
"Currently, many global corporations shipping goods across borders have yet to automate their qualification processes, creating a very complicated and costly scenario that leaves large amounts of duty savings unclaimed," said Rajiv Uppal, founder, president and CEO of NextLinx Corporation. "NextLinx Trade Agreements empowers the user to pursue qualification for privileged duty status and take full advantage of multiple free trade agreements, ultimately providing substantial cost savings for both importers and exporters."
Product enhancements to the Trade Agreements solution include:
Increased flexibility in Bill of Material (BOM) management to accommodate multiple free trade agreement qualification processes.
- Enhanced Rules of Origin module flexibility, which uses the specific qualification criterion and applies tariff shift and regional value content rules for the specified trade agreements.
- Added functionality that enables the qualification process for the newly signed US-Australia, US-Chile and US-Singapore trade agreements as well as NAFTA, CBTPA and others.
- Secure Web Portal for vendor solicitation allowing suppliers to provide qualification information directly into the application, giving users easy real-time access to accurate supplier records.
- Comprehensive preferential duty calculation based on finished product.
The next NextLinx Trade Collaborator release, scheduled for later in 2005, will further expand trade agreement support to the EU and the US General System of Preferences (GSP) qualification management.
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