How does it differ from NAFTA? And how does this affect your FedEx emissions? Find answers to these and other questions, and find out what you need to do to prepare programs under the new agreement. 1. Get rid of the now invalid NAFTA certification document (automatically prints when the automatic generation is selected with a shipping label) UsmCA`s new original certification consists of 9 mandatory data elements and one instruction. This information can be provided on any existing shipping document (for example. B commercial invoice) or on a separate document, not in a specific order. They contain two new elements. The agreement stipulates that the value of the import does not exceed USD 1,000 or the corresponding amount in the importing party`s currency or a higher amount, as the importing party can see. The U.S.-Mexico-Mexico Agreement (USMCA) is a trade agreement between these parties. The USMCA replaced the North American Free Trade Agreement (NAFTA). In 1994, the United States, Mexico and Canada, with the North American Free Trade Agreement (NAFTA), created the world`s largest free trade region, which generated economic growth and helped improve the living standards of the people of the three member countries. By strengthening trade and investment rules, this agreement has proven to be a solid foundation for building Canada`s prosperity and has provided a valuable example of the benefits of trade liberalization for the rest of the world. The new Canada-U.S.-Mexico agreement will strengthen Canada`s strong economic ties with the United States and Mexico. 2.
Add and complete the USMCA/T-MEC/CUSMA Certificate of Origin Online From the FSMS General Release 2020, FedEx replaces NAFTA COO and generates the USMCA/T-MEC/CUSMA Certificate of Origin. On July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA) replaced NAFTA as a free trade agreement between the three countries. Under the USMCA, qualified products exported to Mexico and Canada are exempt from tariffs and quotas. To qualify for this preferential rate, you must determine whether your products are eligible in accordance with the USMCA`s rules of origin. We have prepared a simple PDF certificate form to use for use as an independent document. All required data elements are included. The certifier should complete, sign and date it, then download or print it with electronic business documents and apply it directly to the shipment. Four of them. Download the document filled with electronic business documents by selecting “join additional business documents” or printing it and adding them to your package Even if a certificate of origin for the above product categories is not required to claim the USMCA/T-MEC/CUSMA, it remains the importer`s legal responsibility to maintain all valid evidence of origin when using the agreements. They must ensure that all products receiving preferential tariff treatment are effectively authorised – the applicability of origin can be requested/demanded by the relevant customs authorities during an inspection. Notification of preferential rates without valid proof of origin on the date of importation may suspend your company from significant retroactive customs duties, interest and penalties. If CUSMA declarations are made in error, importers are required to submit comments (corrections) after customs clearance.
The audit trail (records) of the evidence of the origin of trade agreements must be kept for seven years: the year of importation and customs clearance, plus an additional six years. The full text of the agreement between the United States, Mexico and Canada is available here. Once completed, you must send the importer a paper or electronic copy of the original certificate.