Businesses trading with or in the US, Mexico and Canada can save significant duty and expand trade leveraging the USMCA agreement, argues Arne Mielken of Customs Manager Ltd.
Have you heard of USMCA? No? But you know NAFTA, right? Rather than a wholly new agreement, it is like a "NAFTA 2.0". It entered into force on 1 July 2020.
We have compiled a wealth of information for subscribers to Customs Managers to support businesses with the entry into force and to explain how to leverage it when trading between the US, Canada and Mexico. All in one place, with direct links to the legislation and other supporting materials which all trade professionals dealing with the USMCA, need to know.
USMCA Webcast with Arne and Kelly on the USMCA
We have met with U.S. Customs Broker and Attorney Kelly Kemock to compile a 4 part series of expert chats on USMCA. Watch part 1 here:
What is USMCA? What is NAFTA? Decades of close cooperation in North America
USMCA MODERNIZES NAFTA INTO A 21ST CENTURY TRADE AGREEMENT - What are the key changes to NAFTA?
USMCA Rules of Origin in more detail and the NAFTA Certificate of Origin elimination. How to prove originating status in the 21st century?
USMCA IMPLEMENTATION - Steps businesses can take now
If you have any questions for Kelly or Arne, send them to us.
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LIVE TRAINING ON EU-UK TRADE AND COOPERATION AGREEMENT
LIVE TRAINING: OTHER TRADE AGREEMENTS including USMCA
USMCA Legal Texts
A with every trade agreement, there are many texts that need to be read in combination.
The USMCA Agreement, Final Text (https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/agreement-between)
the USA published the first part of the Uniform Regulations for the USMCA, focusing on the Rules of Origin:
The Updated USMCA Interim Implementing Instructions – June 16, 2020, https://www.cbp.gov/document/guidance/usmca-interim-implementation-instructions
The USMCA Implementation Act (Public Law No: 116-113) (https://www.congress.gov/bill/116th-congress/house-bill/5430/text)
USTR’s Federal Register Notice on the USMCA Alternative Staging Regimes for Automotive Imports - 85 FRN 22238, April 21, 2020 (https://www.govinfo.gov/content/pkg/FR-2020-04-21/pdf/2020-08405.pdf)