CUSMA USMCA T-MEC - The New NAFTA

Updated 1 month ago by GB Robins

One trade agreement, 3 different names

The 3 countries have created a new trade agreement to be headlined with their own country effective July 1, 2020

CUSMA – Canada – United States – Mexico Agreement

USMCA – United States-Mexico-Canada Agreement

T-MEC – Treaty between Mexico, the United States and Canada

Watch our Webinar on The New NAFTA - CUSMA

What you need to know:

Goods imported from the US, Canada or Mexico may still qualify as duty-free with a signed declaration - (Previously known as a Certificate of Origin)

Be sure you get the Origin Declaration signed from your supplier

If you are paying duty on items from the US, Canada or Mexico, you may qualify for a refund in Duty

Important Date: July 1, 2020

Next Steps:

To ensure all your imports from the US, Canada or Mexico have the most beneficial rate of duty applied by acquiring the signed and dated origin declaration for your shipments.

Do I actually need to do anything right now?:

Yes, Provide CUSMA - USMCA certification the same as was done for NAFTA using the new certificate – link here

Further reading:

The US-Mexico-Canada (USMCA) / Canada-US-Mexico (CUSMA) / México-Estados Unidos-Canadá (T-MEC) agreement is replacing the North American Free Trade Agreement (NAFTA)

Ongoing certification of products is still important for the new agreement. A new USMCA / CUSMA / T-MEC certificate doesn’t currently exist. Our recommendation is to prepare a certification statement that includes the required minimum data requirements.

ANNEX 5-A Minimum Data Requirements

We’ve provided a suggested format to assist our customers with certifying products under the USMCA / CUSMA / T-MEC. Link here.

The USMCA / CUSMA / T-MEC will come into force on July 1, 2020, continuing the elimination of most of the customs duties on goods imported from the US, Canada or Mexico.

CBSA CUSMA Website

USMCA / CUSMA / T-MEC Text

USMCA CUSMA Chapter 4 Rules of Origin

USMCA CUSMA Chapter 5 Origin Procedures

Contact the experts:

Contact one of our Compliance Specialists if you have any questions: consulting@aacb.com

Or by phone:

Les Suzuki

604-542-7239

Tamra Johnson

604-542-7203

Margaret Klatt

604-542-7281

DOWNLOAD NEW FILLABLE NAFTA/CUSMA FORM:

CUSMA – USMCA Sample Format – Fillable – Saveable

CUSMA - USMCA Continuation Sheet


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