USMCA Trade Agreement Updates and Details

Описание: The USMCA trade agreement came into effect on the 1st of July 2020, replacing the old NAFTA agreement. The new agreement brings updates and changes to Origin requirements and classification for goods being shipped between the USA, Canada and Mexico.

In this episode Christopher Wall from Zeus Logics gives insight into the USMCA trade agreement pros and cons and other important information that shippers must be aware of. Chris explains how the trade agreement has affected the Origin Criterion requirements and how products are classified under the new deal.

Under the new USMCA deal, the old NAFTA Certificate of Origin document is not required, however shippers must provide key data elements which can be provided in different formats. Details are evolving over time and Chris explains how the US Customs & Border Protection (CBP) have created chatbots to help provide answers and information.

Topics Covered:
Updates and changes to tariffs and de minimis threshold for USMCA trade agreement
No new tariffs on zero-tariff goods
Changes to Origin Criteria when determining country of origin of products and increased percentage of originating components
The old NAFTA Certificate of Origin document no longer required, Chris explains the key data elements that must be provided
How Zeus Logics are providing insight and visibility into the shipping and customs clearance process

View tools for Importers & Exporters here: https://incodocs.com/tools