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US-Mexico-Canada Agreement Now in Effect--What Boat Builders Need to Know
With the US-Mexico-Canada Agreement (USMCA) entering into force today, NMMA is reminding members to review changes that pertain to the recreational boating industry. Members are also encouraged to read NMMA’s fact sheet on USMCA for a refresh of the main components of the agreement.
Under USMCA, 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 NAFTA certificates), but must include elements such as:
Identification and address of the certifier;
Description of the good; and
The rule of origin.
The certification can be completed by the importer, exporter, or producer of the goods. It can be included on an invoice or any other document and can be submitted electronically with an electronic or digital signature. Click here to learn more about how to complete a certification of origin under USMCA.
Additional resources to help businesses ensure they are complaint with USMCA rules are available here:
Prepare for USMCA (US International Trade Administration). This plain language guide covers “important information to be aware of on day one of USMCA…including tariffs, certification of origin, de minimis, and rules of origin.”
Overview of key changes affecting imports (Canada Border Services Agency). Exporting manufacturers and importers should pay attention to the proof of origin rules to claim preferential tariff treatment, including the format of new certifications of origin. Canadian members will want to carefully review these resources.
Updated Interim Implementation Instructions (US Customs and Border Protection). A detailed document that gives technical guidance on implementing the various chapters of the new trade agreement. The latest guidance from June 16, 2020 can be accessed in PDF format here.
NMMA understands the challenge members are facing in complying with a new trade agreement during a global pandemic and encourages stakeholders to keep an eye out for additional compliance resources and other useful guidance in the coming days and weeks.
For more information, please contact NMMA senior vice president of government and legal affairs, Nicole Vasilaros at firstname.lastname@example.org; NMMA Canada president, Sara Anghel at email@example.com; NMMA Canada director of federal and provincial government relations, Jim Wielgosz at firstname.lastname@example.org, or NMMA director of federal government relations, Clay Crabtree at email@example.com.
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