USMCA v. NAFTA – Important Changes
The United States, Mexico, Canada Agreement (USMCA) will replace NAFTA on July 1st. While the agreements are very similar, there are several differences that are advantageous to exporters.
-De minimis content increased from 7% to 10%
-Origin can now be certified by the importer.
-Origin claim can now be made on any form.
-Recovered goods now qualify if incorporated into re-manufactured goods.
-Value of goods not subject to certification of origin increased to $2,500.
Please go to https://ustr.gov for complete details of the USMCA.
This Blog is made available by Wilmarth & Associates for educational purposes as well as to give you general information and a general understanding of export law and compliance, not to provide specific legal advice. This blog is not legal advice and should not be treated as such. You must not rely on this blog as an alternative to legal advice from your attorney or other professional legal services provider. The information provided on this website is presented “as is” without any representations or warranties, express or implied.
