Protecting and Authenticating Free Trade

Verity
Verity One
Published in
2 min readOct 4, 2018

The Trump Administration recently announced that trade ministers from the U.S., Mexico, and Canada have reached a deal to revise the North American Free Trade Agreement (NAFTA). The revised agreement is known as The United States-Mexico-Canada Agreement or USMCA.

The USMCA, formerly known as NAFTA, is the largest trade agreement in the world, with the combined GDP of its three members totaling $20 trillion. The tri-lateral movement of goods between the United States, Mexico, and Canada provides an enormous market of products that need to be USMCA certified.

To qualify for USMCA/NAFTA tax and tariff exemptions, producers must provide a Certificate of Origin and must store their records for 5 years. This momentous trade agreement positions Verity One USA, Inc. at the forefront of free trade oversight and certification.

Verity ensures USMCA regulatory compliance by validating Country of Origin claims through an extensive combination of supply chain documentation and product validation, and stores all validated information on a secure, immutable blockchain ledger. Producers can be provided an independently verified Certificate of Origin to exempt them from taxes, tariffs, and value-added taxes when conducting international trade within the United States, Canada, and Mexico. Additionally, all records and certifications will be stored on the most secure database structure in the world: the blockchain.

Verity, the industry leader in Country of Origin labeling and certification for a decade, is the only supply chain and country of origin verification company that has been successfully vetted by a US Agency during the FTC Country of Origin Labeling Investigation of 2014. Verity’s proprietary supply chain verification process was found to have met and exceeded the standards of country of origin labeling set the by the FTC. As a result of continued business, Verity was able to register for the USPTO Word Marked “Made in the USA Certified®” claim.

Verity has now gone beyond Made in USA Certified and validates additional country of origin and marketing claims all over the world with our state of the art technology platform, Verity One™. Verity’s “USMCA Certified” Seal and Certificate of Origin allows consumers and customs to be guaranteed that the country of origin marketing claim on a product has been independently authenticated and the product is compliant with USMCA regulations.

--

--