The Ohio District Export Council is pleased to share that The Office of the United States Trade Representative (USTR) announced on April 24, 2020 that the USMCA is to take effect on July 1st:
USMCA To Enter Into Force July 1 After United States Takes Final Procedural Steps For Implementation
Washington, DC – U.S. Trade Representative Robert Lighthizer today notified Congress that Canada and Mexico have taken measures necessary to comply with their commitments under the United States–Mexico–Canada Agreement (USMCA), and that the Agreement will enter into force on July 1, 2020. Following that notification to Congress, the United States became the third country to notify the other Parties that it had completed its domestic procedures to implement the agreement—the final step necessary for the USMCA to enter into force.
The USMCA’s entry into force marks the beginning of a historic new chapter for North American trade by supporting more balanced, reciprocal trade, leading to freer markets, fairer trade, and robust economic growth in North America. The Agreement contains significant improvements and modernized approaches to rules of origin, agricultural market access, intellectual property, digital trade, financial services, labor, and numerous other sectors. These enhancements will deliver more jobs, provide stronger labor protections, and expand market access, creating new opportunities for American workers, farmers, and ranchers.
“The crisis and recovery from the Covid-19 pandemic demonstrates that now, more than ever, the United States should strive to increase manufacturing capacity and investment in North America. The USMCA’s entry into force is a landmark achievement in that effort. Under President Trump’s leadership, USTR will continue working to ensure a smooth implementation of the USMCA so that American workers and businesses can enjoy the benefits of the new agreement,” said Ambassador Robert Lighthizer.
For more information on USMCA, visit:
General Information on USMCA – International Trade Administration https://legacy.trade.gov/usmca/
Understanding Rules of Origin https://www.trade.gov/free-trade-agreements-help-center
Preferential Tariff Rates – International Trade Administration’s FTA Tariff Tool
U.S. Harmonized Tariff Schedule – General Note 11 (USMCA) – https://hts.usitc.gov/current (The ITC lists most up-to date rules (taking into account revisions to HS codes)).
USMCA original text – United States Trade Representative https://ustr.gov/usmca
USDA’s Foreign Agriculture Service https://www.fas.usda.gov/topics/us-mexico-canada-agreement-usmca
U.S. Customs and Border Protection’s final USMCA implementing instructions
Additional information on USMCA compliance guidance is available at CBP’s USMCA webpage.