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.
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