USMCA Update

The USMCA is scheduled to take effect on July 1st. Here are a few key points from an informative webinar presented by Dan Gardner of Trade Facilitators, Inc.

NAFTA Certificate of Origin is going away. As detailed in Chapter 5 of the agreement, a certification statement is replacing the NAFTA Certificate.

The statement can be prepared by exporters and also by importers who must provide back up details if requested. There is no prescribed format for the certification statement but it must include minimum data elements as listed in Annex 5-A.

Country of Origin statement can be included on the commercial invoice and electronic format may be used with e signature.