T HE F INAL WORD ON CUSMA 2 T HE F INAL WORD ON CUSMA We - PowerPoint PPT Presentation

T HE F INAL WORD ON CUSMA

2 T HE F INAL WORD ON CUSMA  We lc ome & Intr oduc tions  Ag e nda  T he impo rta nt c ha ng e s in CUSMA fro m NAF T A  Ho w to minimize impo rte r risk tra nsitio ning fro m NAF T A to CUSMA  De ta ils surro unding De Minimis to suppo rt yo ur e -c o mme rc e b usine ss  Ho w to pla n fo r the imme dia te & lo ng -te rm unc e rta inty surro unding CUSMA q ua lific a tio n

3 CUSMA INT RODUCT ION  T hr e e Offic ial T itle s CUSMA (CA) 1. USMCA (USA) 2. T -ME C (MX) 3.  c e on July 1 st , 2020 E ntr y into for  As of July 1 st , NAF T A le gislation & c e r tific ate will no longe r be applic able  E xample Sc e nar io s A shipme nt le a ving the USA o n June 30 th a nd c ro ssing the b o rd e r/ c usto ms c le a re d o n July 1 st

4 CUSMA KE Y CHANGE S  T he r e ar e 4 ke y c hange s to highlight Re visio ns to rule s o f o rig in & De Minimis pe rc e nta g e inc re a se 1. Ne w c e rtific a tio n o f o rig in re q uire me nts 2. L o w Va lue Shipme nt thre sho ld inc re a se in Ca na d a 3. De Minimis va lue thre sho ld to impo rt g o o d s witho ut d uty & ta x into Ca na d a 4.

5 RUL E S OF ORIGIN  Major c hange s to Rule s of Or igin impac ting pr oduc t c ate gor ie s ; Auto mo tive   Ag ric ulture  Appa re l  Che mic a ls  He a lthc a re Pro d uc ts * E xample - HS He a d ing 3209 - Pa ints A NAF T A c ha ng e to he a d ing 32.08 thro ug h 32.10 is a llo we d fro m a ny he ading o utsid e tha t g ro up. CUSMA A c ha ng e to he a d ing 32.07 thro ug h 32.15 is o nly a llo we d fro m any othe r o f the c usto ms ta riff. c hapte r

6 RUL E S OF ORIGIN  De Minimis inc r e ase d fr om 7% to 10%  Ne w r e quir e me nts for the te xtile industr y (Chapte r s note s 61 & 62)  Se wing T hre a d - Po c ke t Ba g F a b ric - Na rro w E la stic – Co a te d F a b ric  Ma nufa c ture d in CUSMA Into e ffe c t 12 to 30 mo nths a fte r e ntry into fo rc e   De Minimis inc re a se (b y we ig ht)  T PL s  L e ve ls Re duc e d fo r US I mpo rts  L e ve ls I nc re a se d fo r US E xpo rts to Ca na da

7 CE RT IF ICAT ION OF ORIGIN  T he Ce r tific ation of Or igin doe s not have a spe c ific for m or te mplate  Omnitra ns ha s c re a te d a n e a sy to use te mpla te whic h we will c irc ula te  Re q uire d info rma tio n c o uld b e a d d e d to shipme nt d o c ume nta tio n pa c ka g e

8 ORIGIN CE RT IF ICAT ION OF Ce rtific a te of Orig in must inc lude ; E xpo rte r Na me a nd Addre ss 1. Pro duc e r na me a nd a ddre ss (ma y sta te a va ila b le upo n re q ue st) 2. I mpo rte r - I f kno wn, impo rte r na me a nd a ddre ss 3. De sc riptio n a nd HS ta riff c la ssific a tio n - De sc riptio n o f the g o o ds a nd the 6-dig it le ve l HS Co de s 4. Orig in Crite ria a s se t o ut in Artic le 4.2 5. Co untry o f o rig in 6. Bla nke t pe rio d – (Va lidity pe rio d o f the c e rtific a tio n) 7. Ce rtifie r - Pro vide the c e rtifie r’ s na me , title , a ddre ss, te le pho ne numb e r a nd e ma il a ddre ss 8.  I ndic a te whe the r the c e rtifie r is the e xpo rte r, pro duc e r, o r impo rte r (Ne w)  I mpo rte r ma y c o mple te the c e rtific a tio n o f o rig in (Ne w) 9. Autho rize d Sig na ture & da te - E le c tro nic sig na ture a c c e pte d (Ne w) Sig na ture must b e a c c o mpa nie d b y the fo llo wing sta te me nt “I c e rtify that the g o o ds de sc rib e d in this do c ume nt q ualify as o rig inating and the info rmatio n c o ntaine d in this do c ume nt is true and ac c urate . I assume re spo nsib ility fo r pro ving suc h re pre se ntatio ns and ag re e to maintain and pre se nt upo n re q ue st o r to make availab le during a ve rific atio n visit, do c ume ntatio n ne c e ssary to suppo rt this c e rtific atio n”. (Ne w)

9 L VS T HRE SHOL D  o w Value Shipme nt (L VS) - T hre sho ld inc re a se fo r a ll c o mme rc ia l impo rts to Ca na d a L  T hre sho ld inc re ase d fro m $2500 to $3300 CAD Ce rtific a te no lo ng e r re q uire d whe n c la iming L VS pre fe re ntia l tre a tme nt und e r any fre e trade ag re e me nt 

10 IMPORT DE MINIMIS  De minimis thr e sholds to fac ilitate e - tr ade  De minimis applie s to goods of any or igin shippe d to Canada fr om USA or Me xic o  Shipme nts va lue d a t $40 CAD a nd le ss will no t b e sub je c t to d uty o r ta x  Shipme nts e nte ring Ca na d a va lue d o ve r $40 CAD, b ut no t mo re tha n $150 CAD, will b e c ha rg e d ta x o nly  Duty a nd ta x will b e pa ya b le o n g o o d s va lue d o ve r $150 CAD  F o r USA impo rt, the thre sho ld re ma ins a t 800$ USD (re g a rd le ss o f the mo d e o f tra nspo rt) und e r se c tio n 321

11 6 ST E PS T O COMPL IANCE Id e ntify a ll pro d uc ts e lig ib le und e r NAF T A 1. Rule s o f o rig in re va lid a tio n ? ? 2.  E xpo rte r / Pro d uc e r – id e ntify a ny c ha ng e to rule s o f o rig in/ pe rfo rm q ua lific a tio n e xe rc ise  Impo rte r – Co nne c t with supplie r/ ma nufa c ture r Se le c t c e rtific a tio n ma na g e me nt – Bla nke t Ce rtific a te 3. Pre pa re CUSMA c e rtific a tio n te mpla te 4. Pro vid e Omnitra ns o r Me tro with b la nke t c e rtific a tio n 5. Id e ntify if CBSA a d va nc e ruling a pplie d und e r NAF T A 6. If ye s, the y will no t b e va lid a s o f July 1 st 

12 HOW OMNIT RANS CAN HE L P

RANS OMNIT SERVICES CUSTOMS BROKERAGE 5 LOGISTICS OVER SOLUTIONS 20 IN IMPORTS PROCESSED ANNUALLY STAFF BILLION $ 300 ACCESS PEOPLE STRONG 24/7 24 HISTORY SUPPORT O V E R 40 YEARS OF LOCATIONS EXCELLENCE 11 OFFICES AROUND THE WORLD