Saudi Arabia – Certificate of Conformity (CoC) Requirement

Canada-United States-Mexico Agreement (CUSMA)

Canada-United States-Mexico Agreement (CUSMA)

 

 

 

 

On November 30, 2018, Canada, the United States, and Mexico signed the new Canada-United States-Mexico Agreement (CUSMA). This agreement will modernize the North American Free Trade Agreement (NAFTA) by addressing current trade challenges in key industries, such as agriculture and automotive, and making improvements to better facilitate the free flow of goods between all three countries. Tariff-free access to markets will continue under the new agreement, which also includes provisions on important issues like intellectual property, labour standards, gender equality, and indigenous peoples’ rights.

Each country is required to ratify the agreement with their respective legislative bodies before it can come into force. Mexico completed their ratification on June 19, 2019; however, the agreement is still pending ratification in Canada and the United States. 

CUSMA is expected to be implemented by early 2020 and, if approved by all three countries, will replace NAFTA.

 

Highlights of the Proposed Changes for Canadian Businesses
 

De minimis (the value below which goods are free from duties and/or taxes)
For goods imported into Canada from the U.S. and Mexico, the value threshold will increase (for courier express shipments) from CAD$20 for the assessment of duties and taxes, to CAD$40 for taxes and CAD$150 for duties.

Proof of Origin
The paper Certificate of Origin will be replaced by a minimum set of data elements called a ‘Certification of Origin’. This declaration can either can either be indicated on existing shipping documentation (e.g., Commercial Invoice) or provided on a separate document.

Courier Low Value Shipment (CLVS) Value Threshold
For all goods imported into Canada, the value will increase to CAD$3300 from the current CAD$2500.

Automotive Industry
New country of origin rules, regional value content requirements, and labour provisions for automobile manufacturing will be introduced.

Agricultural Industry
Increased market access is expected for specified agricultural products such as dairy, poultry and eggs.



Please note that all information is subject to change prior to ratification by all countries. Updates will be provided as more information becomes available.