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The Canada-United States-Mexico Agreement (CUSMA) and the United States-Mexico-Canada Agreement (USMCA) are trade agreements designed to replace the North American Free Trade Agreement (NAFTA). These agreements aim to facilitate trade between the three countries, providing numerous benefits and simplifying processes for importers and exporters. This comprehensive FAQ guide will cover everything you need to know about CUSMA/USMCA, including the benefits, requirements, and steps to take advantage of the agreements.
CUSMA (Canada-United States-Mexico Agreement) and USMCA (United States-Mexico-Canada Agreement) are modernized trade agreements that replaced NAFTA. They aim to promote fair and reciprocal trade, foster economic growth, and create jobs in the three member countries. The agreements came into effect on July 1, 2020.
To qualify for benefits under CUSMA/USMCA, your goods must meet the specific rules of origin outlined in the agreements. These rules determine whether a product is eligible for preferential tariff treatment based on its components and where it was produced.
The Certification of Origin is a document used to certify that a product meets the specific rules of origin under the Canada-United States-Mexico Agreement (CUSMA), the United States-Mexico-Canada Agreement (USMCA), or the Tratado entre México, Estados Unidos y Canadá (T-MEC). This certification is essential for claiming preferential tariff treatment, ensuring that goods can enter the member countries duty-free or at reduced tariff rates. To obtain one:
Follow these steps to get started:
Duty and tax liabilities depend on whether your goods qualify for preferential treatment under the agreement. If they do:
Filling out the Certification of Origin accurately is crucial to avoid delays and ensure compliance. Here are the detailed steps to complete this document:
An EIN is a unique number assigned by the IRS to identify a business entity. It is required for all businesses that file taxes or conduct business in the U.S. Your EIN can be your 3PL warehouse if necessary.
Include the complete name, address, and contact information of the exporter.
Provide the exporter’s tax identification number.
The certifier can be the exporter, producer, or importer. Include their complete name, address, and contact details.
A declaration stating that the information provided is accurate and that the goods qualify for preferential treatment under CUSMA/USMCA/T-MEC.
Provide the importer’s complete name, address, and contact information. This section may be left blank if unknown at the time of certification.
Describe the goods in sufficient detail to relate to the invoice and the Harmonized System (HS) code.
Include the HS code for each good. This code helps determine the applicable tariff.
Indicate the applicable rule of origin for each product (e.g., wholly obtained, produced entirely, regional value content, etc.).
If the certification covers multiple shipments of identical goods, specify the period the certification covers (up to 12 months).
The certifier must sign and date the document. The signature certifies that the goods qualify as originating and that the information provided is accurate.
For detailed instructions and a step-by-step guide on how to fill out the Certification of Origin under CUSMA/USMCA/T-MEC, visit the comprehensive guide provided by the CBSA. Read more.
Filling out the Certification of Origin accurately can be complex and time-consuming. BorderBuddy offers expert assistance to ensure your certification is completed correctly and efficiently. Our services include:
By ensuring your Certification of Origin is filled out accurately and completely, you can take full advantage of the benefits offered by CUSMA/USMCA/T-MEC and streamline your import processes. BorderBuddy is here to help you every step of the way.