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:
Will President Trump terminate NAFTA? Unfortunately, we don’t know. Some days, press reports suggest a growing possibility that he will take steps to terminate the agreement. Other days, President Trump’s pronouncements hint that he may be prepared to further negotiations. This leaves organizations in a difficult position. If President Trump does issue a notification of
On May 18, 2017, the newly confirmed United States Trade Representative (Ambassador Lighthizer) formally notified the United States Congress that President Trump intends to initiate negotiations with Canada and Mexico to modernize the North American Free Trade Agreement (“NAFTA”). The May 18, 2017 letter sets into motion a 90-day countdown for the first formal
The Trump Administration has signaled that one of first areas of interest for North American Free Trade Agreement (“NAFTA”) renegotiation is the rules of origin. Rules of origin are boring, technical rules in Annex 401, which are permit goods to receive preferential duty-free treatment. Only goods that originate in a NAFTA country are entitled to
HAPPY NEW YEAR! It is now time for for importers and exporters to review, update and renew their blanket North American Free Trade Agreement (NAFTA) certificates of origin. Importers and customs brokers must be in possession of a valid NAFTA certificate of origin to continue to receive the duty free (UST, MST or MUST) benefits