New NAFTA / CUSMA / USMCA Coming-into-Force: What Businesses Need to Know
With the new Canada-United States-Mexico Agreement (CUSMA) coming into force on July 1st, NMMA is reminding members to review the changes that pertain to the recreational boating industry. Members are also encouraged to read NMMA’s fact sheet for a refresh of the main components of the agreement. Please note that NAFTA rules will continue to apply until July 1st, and will continue to apply for goods that entered into commerce on or before June 30th.
Under CUSMA, there are no changes to the rules of origin for recreational marine engines and boats. However, importers will have to provide information in a new format to prove origin of goods and claim preferential tariff treatment.
This new ‘certification of origin’ does not follow a prescribed format (in contrast to the old NAFTA certificates), but must include elements such as:
- identification and address of the certifier
- description of the good
- the rule of origin