*The agreement stipulates that the value of the import does not exceed 1,000 USD or the corresponding amount in the currency of the significant party or a higher amount that the significant part can fix. The U.S. Mexico-Canada Agreement (USMCA) is a trade agreement between these parties. The USMCA replaced the North American Free Trade Agreement (NAFTA). The CUSMA outcomes, signed on the sidelines of the G20 summit in Buenos Aires in November 2018, preserve key elements of long-term trade relations and contain new and updated provisions to address twenty-first century trade issues and promote opportunities for nearly half a billion people whom North America calls a homeland. To be ready to ship after the new agreement comes into effect on July 1, 2020, please see the information under your automation platform below. You can easily prepare the label and certificates of origin and ensure that your shipments benefit at USMCA/T-MEC/CUSMA. This section is updated regularly, so skip it often. While the above product categories may not require a Certificate of Origin to claim USMCA/T-MEC/CUSMA, it is an importer`s legal responsibility to keep all valid proofs of origin when using free trade agreements. They must ensure that all products benefiting from preferential tariff treatment are effectively eligible – the applicability of origin may be requested/required by the customs concerned during a review. Declaring preferential rates without proof of origin valid at the time of importation may expose your company to significant customs duties, interest and retroactive penalties. When CUSMA applications are filed in error, importers must submit amendment entries (corrections) after release. The audit trail (registration) of the proof of origin of trade agreements must be kept for seven years: the year of import/customs clearance and a further six years.

On July 1, 2020, a new trade agreement between the United States, Mexico and Canada will replace the 25-year-old North American Trade Agreement (NAFTA). Each participating country has its own name. In 1994, the United States, Mexico and Canada created the world`s largest free trade region with NAFTA, generating economic growth and helping to improve the standard of living of people in all three member countries. By strengthening trade and investment rules and procedures, this agreement has proven to be a solid foundation for building Canada`s prosperity and has set a valuable example of the benefits of trade liberalization for the rest of the world. The new agreement between Canada, the United States and Mexico will serve to strengthen Canada`s strong economic ties with the United States and Mexico. • Benefit U.S. farmers, ranchers, and agricultural businesses by modernizing and strengthening the North American food and agriculture trade. Under the leadership of President Donald J. Trump, the United States renegotiated the North American Free Trade Agreement and replaced it with an updated and rebalanced agreement that works much better for North America, the Agreement between the United States, Mexico and Canada (USMCA), which was concluded on July 1, 2020 entered into force…