The New NAFTA: Automotive Provisions in the USMCA
Webinar: 1.5 CCS Credit
Securing duty-free treatment for automobiles under the U.S.-Mexico-Canada Trade Agreement is likely to be more challenging than under NAFTA. For example, the NAFTA traced value concept was excluded from the new agreement and replaced by more complex regional value content calculations and requirements for steel, aluminum, and labor value content that will require vehicle producers and suppliers to collect specific information from their supply chains. This webinar will review the USMCA origin rules for passenger vehicles and light trucks as well as the direct materials incorporated into these vehicles.
- parts, principal parts, and complementary parts
- RVC calculations and averaging
- changes affecting transaction value, value, and packing
- de minimis rules
- intermediate materials
- NAFTA procedures, processes, and skills applicable to USMCA
DENNIS WRIGHT is an independent consultant for Sandler, Travis & Rosenberg, P.A. He has broad expertise in a range of import-related areas and has advised companies on such issues as regulatory and statutory compliance, tariff classification, valuation, marking, and eligibility for special trade programs such as NAFTA, KORUS and the Automotive Products Trade Act.