With the U.S.-Mexico-Canada Agreement (USMCA) taking effect on July 1, U.S. Customs and Border Protection (CBP) has posted a series of fact sheets on the requirements and differences between USMCA and the former North American Free Trade Agreement (NAFTA).
NAFTA has been in place since January 1994 and will end following the implementation of USMCA, the new modernized free trade agreement. CBP’s fact sheets offer guidance and are for comparison or advisory purposes only and are not legally binding. These fact sheets provide information on provisions, which include customs duties, temporary admission, treatment of customs duties, most favored nation, tariff rates, indirect materials, intermediate materials, and more.
Listed below is a list of CBP fact sheets:
- Customs Duties
- Temporary admission
- Treatment of custom duties
- Most favored nation
- Indirect materials
- Intermediate materials
- Regional value content
- Accumulation
- Recovered materials
- Sets and Kits
- Accessories
- Remanufactured goods
- Fungible materials
For help with following and understanding USMCA provisions contact Mohawk Global Trade Advisors.
By Nora Klinowski