KPMG TradeWatch: Update on First Sale for Export

The First Sale for Export (First Sale) Principle has been in place for many years as a duty savings strategy for U.S. importers, primarily in the U.S. apparel, footwear, and accessory retail space. More recently, however, given recent trade protectionist activity in the U.S., First Sale is growing in popularity as a tool to mitigate higher duties across multiple industries. It is not without its challenges though.

Please join KPMG LLP’s Global Trade professionals to learn about implementing the First Sale Principle as part of your company’s duty mitigation strategy. We will focus on how companies implement and manage First Sale programs, and how companies that typically do not utilize First Sale are embracing the program on products not traditionally impacted by high tariffs.

In addition, we will discuss:

• Ongoing risks or pitfalls in using first sale appraisement, and how to manage them
• Recent enforcement trends