Many of our clients have been inquiring about the qualification of their products for export to Canada and Mexico and the import of parts and components from Canada and Mexico.
Specific provisioning to be provided for in USMCA was agreed to by the presidents of the U.S. and Mexico and the Prime Minister of Canada on October 2, 2018. While the formal signing of the agreement is expected to take place prior to the end of November 2018, U.S. Congressional approval is not expected before year’s end, with implementation not before 2020.
If or when implemented USMCA country of origin and NAFTA qualifying rules of origin and other certification requirements are not expected to change for most products with the primary exception being auto parts and components.
We will keep you updated as to when USMCA is to be implemented and provisioning that could impact your business.
NAFTA – USMCA