Argo Customs Brokers is dedicated to maintaining clear communication with their customers and those who wish to keep themselves informed about important importing and exporting regulations. As such, we present pertinent points from a news release issued by the Canada Border Services Agency.
The customs notice titled Implementation of the Canada-United States-Mexico Agreement (CUSMA) was published on April 3, 2020.
The Canada-United States-Mexico Agreement (CUSMA) entered into force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA). There was no transition period.
Since CUSMA came into effect, the CBSA has applied the LVS threshold consistently across all commercial programs, regardless of the mode, stream of importation, or free trade agreement under which a preferential tariff treatment is claimed. It is not limited to the Courier Low Value Shipment Program.
CUSMA coming into effect does not impact the application of existing anti-dumping or countervailing measures in force for goods originating or imported from Mexico or the US.
|“Canada, the United States, and Mexico created the largest free trade region in the world, generating economic growth and helping to raise the standard of living for the people of all three member countries. The Canada-United States-Mexico Agreement (CUSMA) will serve to reinforce Canada’s strong economic ties with the United States and Mexico.” ~ Canada Border Services Agency|
- In order to claim preferential tariff treatment under the Canada-United States-Mexico Agreement (CUSMA), a certification of origin is required. The certification of origin has no prescribed format but instead consists of a set of minimum data elements.
- The certification of origin may be completed by either the exporter, producer, or importer of the goods for the purpose of certifying that a good being exported from the territory of another party qualifies as an originating good. It may be provided on an invoice or any other document and may be completed and submitted electronically, including with an electronic or digital signature.
- A shipment’s value must not exceed $3,300 to meet the low-value shipment (LVS) threshold.
- LVS allows goods to benefit from simplified report, release, accounting, and documentation requirements, and these benefits apply regardless of the origin of manufacture or country of export.
Argo Customs Brokers is Available to Assist
If you are an individual or represent a company that is involved with importing goods affected by this agreement, ARGO Customs brokers can provide the CUSMA form and assist with filling it out. The team at Argo Customs Brokers is always available to answer questions about importing and exporting and can help you understand the effect that this agreement can have on your plans. All inquiries are welcome.