The Canada-United States-Mexico Agreement (CUSMA or USMCA) will introduce new and complex requirements for the automotive industry. Not only will vehicle producers face increased Regional Value Content requirements starting July 1, 2020, but they will be required to meet the following requirements:
The Canada-United States-Mexico Agreement (CUSMA), also referred to as the United States-Canada-Mexico Agreement (USMCA), comes into effect on July 1, 2020. Are you ready?
The full CUSMA Agreement was signed in November of 2018, and later amended in December 2019. In April of this year each of the three parties notified that they had completed
The Canada Border Services Agency (“CBSA”) has created a new dedicated Canada-United States-Mexico Agreement (“CUMSA”) web-page on which implementation information will be posted to assist importers and exporters. CUSMA / USMCA / NAFTA 2.0 is scheduled to enter into force on July 1, 2020 and there will be no transition period. This means that importers
When it was announced that Canada, the United States and Mexico had reached an agreement to amend the North American Free Trade Agreement (“NAFTA”), one of the important changes was an increase to the de minimis threshold, which is the monetary value of courier shipments that can enter Canada without payment of duties and taxes.
We now know the dated that the Canada-United States- Mexico Agreement (CUSMA) (or USMCA under US terminology) will enter into effect to replace the North America Free Trade Agreement (NAFTA): July 1, 2020. This does not mean that the governments are ready to enforce CUSMA – Canada, United States and Mexico must now negotiate and
On April 3, 2020, the Canada Border Services Agency (“CBSA”) published Customs Notice 20-14 “Implementation of the Canada-United States-Mexico Agreement (CUSMA)” in which the CBSA discusses the new Certification of Origin requirements under CUSMA and the new tariff codes. When CUSMA enters into effect (the implementation date is not yet set), the rules for Canadian
On April 3, 2020, the Canada Border Services Agency (“CBSA”) published Customs Notice 20-14 “Implementation of the Canada-United States-Mexico Agreement (CUSMA)” in which the CBSA makes it clear that NAFTA origin advance rulings will no longer be valid when CUSMA enters into effect.
Importers who have an advance ruling might not be able to rely
On April 4, 2020, the Canada Border Services Agency (“CBSA”) published Customs Notice 20-15 “Increase to the Low Value Shipment (LVS) Threshold for Goods Imported into Canada” in which it confirmed that the LVS threshold would increase to CDN $3,300 when the Canada-United States-Mexico Agreement (CUSMA) (also known as NAFTA 2.0 and USMCA) comes into
There have been a few developments in the NAFTA 2.0/USMCA/CUSMA process in the past few weeks.
1. The Government of Mexico published in the July 29, 2019 issue of the Official Gazette a decree that was signed by Mexican President Andrés Manuel López Obrador to complete the final step in the ratification process in Mexico.
The Government of Canada 
is consulting with stakeholders concerning the allocation and administration of tariff rate quotas (TRQs) for dairy (e.g., cheese, milk, butter), eggs and poultry (e.g., chicken, turkey). Canada’s dairy, poultry and egg TRQs are implemented and administered by Global Affairs Canada in accordance with the Export and Import Permits Act and its