North American Free Trade Agreement Certificate of Origin 2021

The North American Free Trade Agreement (NAFTA) is a trade agreement signed by Canada, Mexico, and the United States. It was established in 1994 to create a free trade area, eliminate barriers to trade, and promote economic growth. One of the key requirements for companies that trade within this agreement is to have a NAFTA Certificate of Origin.

A NAFTA Certificate of Origin is a document that certifies that goods being traded within the NAFTA region have met the rules of origin requirements. These requirements specify that a certain percentage of the value of the goods must be produced within the NAFTA region. The certificate must be completed and signed by the exporter, importer, or producer of the goods.

As of July 1st, 2020, NAFTA was replaced by the United States-Mexico-Canada Agreement (USMCA). While the USMCA largely builds upon the NAFTA framework, there are some changes to the rules of origin and the requirements for the Certificate of Origin.

Under the USMCA, the rules of origin have been updated to include more specific product requirements and increase the regional value content thresholds for certain industries. This means that companies trading under the USMCA will need to ensure that they are complying with the new rules of origin to continue to receive tariff-free benefits.

In addition, the USMCA Certificate of Origin form has been updated to include new fields to reflect the changes in the rules of origin. The updated form is now available on the U.S. Customs and Border Protection website.

It is important for companies that trade within the NAFTA/USMCA region to stay up-to-date on the requirements for the Certificate of Origin and ensure that they are meeting the rules of origin to avoid potential customs penalties or delays.

In conclusion, the NAFTA/USMCA Certificate of Origin is essential for companies that trade within the region. The new USMCA rules of origin have updated requirements, and the Certificate of Origin form has been updated to reflect these changes. Companies should ensure that they are complying with the updated rules to avoid any potential issues with customs.

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