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The Benefits of CUSMA for SMEs

Last month, CUSMA/USMA/T-MEC was officially enacted. This FTA can also be referred to as the “New NAFTA”.  (Read about it here: CUSMA/USMCA: Meet The New NAFTA and CUSMA: Rules Of Origin & Certifying Origin) In a survey conducted by DHL Express, International Trade Impact and Outlook, of over 2000 small and medium-sized companies, about 50% states that the pandemic made them more wary of global trade. Additionally and unfortunately...

All About “Reason to Believe” Deadlines

What is a “Reason to Believe” deadline?  As defined in Memorandum D11-6-6, refers to the case in which incorrect information provided for an imported shipment (origin, classification, value of duty, etc.) are deemed believable and not the fault of the importer. In this scenario, the importer or broker may submit the corrections to the documentation within a 90-day period.  On the deadline, the memorandum states: “For example, the dat...

Importers & Remote Work: Mistakes To Watch Out For

Most working professionals are doing their work from a home office, as a result of current times. Importers (and many other people across the logistics sector) are no exception to this, as stipulated by government directives.  As such, importers must be hyper-vigilant in order to prevent mistakes. As trade law & sales tax firm lawyer, Cyndee Todgham Cherniak, states: “[...] Business is not as usual. Importers have to adjust [...]. Most...

CUSMA: Rules Of Origin & Certifying Origin

As an importer, it is your responsibility to make yourself aware of the details surrounding CUSMA. This agreement, between Canada, the US, and Mexico, will replace NAFTA as of July 1st, 2020.  Last week, we published a quick introduction to the agreement, where we identify some of the criteria and the main differences between this and NAFTA. You can read it here: CUSMA/USMCA: Meet The New NAFTA.  It is recommended that readers also consul...

CUSMA/USMCA: Meet The New NAFTA

We’ll need to kick this overview off with an explanation regarding the name of this agreement. It’s referred to differently -- based on the country in question.  In Canada, the agreement is CUSMA: Canada-United States-Mexico-Agreement In the US, the agreement is USMCA: United States-Mexico-Canada-Agreement In Mexico, the agreement is T-MEC: Tratado Mexico, Estados Unidos, Canada  Here is the CBSA Announcement - Customs Notice 20...