The trade agreement, dubbed the United States-Mexico-Canada Agreement (USMCA) in the U.S., officially known as the Canada-United States-Mexico Agreement (CUSMA) in Canada, and called Tratado entre México, Estados Unidos y Canadá (T-MEC) in Mexico will replace the North American Free Trade Agreement (NAFTA), effective July 1, 2020.
The Canada Border Services Agency (CBSA) has a dedicated webpage to provide information to the importing industry on the Canada-US-Mexico Agreement (CUSMA). This dedicated webpage provides access to information and resources when importing CUSMA-eligible goods into Canada.
The CUSMA is scheduled to enter into force on July 1, 2020, replacing NAFTA. There will be no transition period from NAFTA to CUSMA. The NAFTA Certificate will no longer be valid. A certification of origin will be required. Below is information on what importers need to know on the various changes:
Overview of key changes affecting imports: Origin procedures, trade facilitation, self-assessments for preferential tariff treatments, advance rulings, low-value shipment threshold, trade incentives, trade remedies.
Increase to low-value shipment thresholds: Regulatory changes and release and accounting information in effect under CUSMA.
Certifying the origin of goods: Claim preferential tariff treatment with a valid certification of origin.
Regulatory references: Customs notices and departmental memoranda related to CUSMA.
Canada Border Service Agency’s (CBSA) Border Information Service (BIS)