The criteria for a country of origin analysis often are specified in trade preference programs and free trade agreements. As the U.S.-Mexico-Canada Agreement (“USMCA”) replaced the North American Free Trade Agreement (“NAFTA”), effective July 1, 2020, new rules of origin were introduced for many products from Mexico, including changes to tariff-shift rules, regional value content, de minimis requirements, and more. Final implementing regulations were published by U.S. Customs and Border Protection (“CBP”) on July 6, 2021. As a result of this change, importers were required to transition from NAFTA to the new agreement, overhauling established processes to incorporate the revised procedural requirements, in addition to re-analyzing products under the new rules of origin.
Source The National Law Review
