{"id":4805,"date":"2020-06-05T11:56:24","date_gmt":"2020-06-05T15:56:24","guid":{"rendered":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/?p=4805"},"modified":"2020-06-05T12:48:07","modified_gmt":"2020-06-05T16:48:07","slug":"cusmausmca-the-new-nafta","status":"publish","type":"post","link":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/cusmausmca-the-new-nafta\/","title":{"rendered":"CUSMA\/USMCA: Meet The New NAFTA"},"content":{"rendered":"

We\u2019ll need to kick this overview off with an explanation regarding the name of this agreement. It\u2019s referred to differently — based on the country in question.\u00a0<\/span><\/p>\n

In Canada, the agreement is <\/span>CUSMA: Canada-United States-Mexico-Agreement<\/b><\/p>\n

In the US, the agreement is <\/span>USMCA: United States-Mexico-Canada-Agreement<\/b><\/p>\n

In Mexico, the agreement is <\/span>T-MEC: <\/b>Tratado Mexico, Estados Unidos, Canada\u00a0<\/b><\/p>\n

Here is the CBSA Announcement – Customs Notice 20-14.<\/b><\/a><\/p>\n

\"cusma<\/p>\n

 <\/p>\n

As importers, it\u2019s important that you take note of the changes in this agreement and how it modifies the regulatory framework in which you operate. Today, we will be doing a breakdown of CUSMA and what it will mean for importers.<\/p>\n

CUSMA will be in effect as of July 1, 2020. After this date, NAFTA certificates will no longer be accepted by customs authorities to reduce duties. Under CUSMA, a <\/span>Certificate of Origin<\/b><\/a>, with a few specifications included in the documentation will be required to benefit from this agreement.<\/span><\/p>\n

As of now, and perhaps going forward, there is no formal certificate to claim the benefits of CUSMA (like a NAFTA certificate equivalent), so it\u2019ll be up to the importer to get the other documentation right.<\/p>\n

What will the Certificate of Origin need to include?\u00a0<\/b><\/h2>\n

 <\/p>\n