CBP Posts USMCA Fact Sheets on Differences From NAFTA

CBP on June 29 posted a series of fact sheets on upcoming requirements under the U.S.-Mexico-Canada Agreement that are set to take effect July 1. The fact sheets highlight key differences between USMCA and NAFTA, including in the areas of customs duties, temporary admission, treatment of customs duties, most favored nation tariff rates, indirect materials and intermediate materials. Others cover USMCA provisions on regional value content, accumulation, recovered materials, sets and kits, accessories, remanufactured goods and fungible materials. The fact sheets should be considered guidance documents for informational and advisory purposes only, and are not intended to have legal or binding effect, CBP said.