GHY International recently held a webinar for clients highlighting key features of the new version of the North American Free Trade Agreement coming into effect on July 1, 2020.
The 30-minute session, now available on YouTube, is intended to get importers and exporters quickly up to speed on key provisions in the Canada-United States-Mexico Agreement (CUSMA, aka USMCA in America, and as T-MEC in Mexico), which in some cases differ importantly from NAFTA.
- New features of CUSMA/USMCA such as its more flexible approach to the completion of origin certificates and the opportunities/risks involved.
- Changes to customs regulations accounting for updated Rules of Origin, particularly concerning the automotive industry with its higher regional value content requirements.
- Country of Origin marking requirements.
- Qualifying goods under the higher De Minimus threshold (now with an increased allowance for non-originating content).
- Treatment of steel/aluminum products covered by side letters excluding goods from Mexico and Canada from the Trump administration’s Section 232 tariffs.
- Changes affecting the dairy sector and other agricultural provisions addressing certain long-standing non-tariff trade barriers.
- Adjustments to the treatment of textiles and apparel.
- Intellectual property rights compliance and enforcement changes.
Bob Cowie, Vice President-Consulting
A Certified Customs Specialist with extensive knowledge and a deep understanding of international customs regulations based on nearly a half-century of industry experience, Bob works with GHY’s account managers and clients on both sides of the border, helping solve a wide range of complex regulatory challenges and technical issues.
Need More Information?
Check out our comprehensive page on USMCA/CUSMA here.
If you have any questions about how upcoming CUSMA/USMCA regulatory changes might impact the free trade status of your goods or if you have other concerns about implementation of the new NAFTA, don’t hesitate to contact one of our knowledgeable trade experts today.