The North American Free Trade Agreement Pdf
Mexico is the third largest trading partner of the United States and the second largest export market for U.S. products. In 2018, Mexico was our third largest trading partner (after Canada and China) and the second largest export market. Total trade in goods and services totaled $678 billion and this trade directly and indirectly supports millions of jobs in the United States. In 2018, the United States sold $265 billion in U.S. products to Mexico and $34 billion in services for a total of $299 billion in U.S. sales to Mexico. Mexico is the top or second largest export destination for 27 U.S. states. NAFTA allows your company to send qualified goods to customers in Canada and Mexico duty-free.
Goods can be challenged in different ways depending on NAFTA`s rules of origin. This may be because the products are fully obtained or manufactured in a NAFTA party, or because, according to the product`s rule of origin, it takes enough work and equipment in a part of NAFTA to make the product what it is when it is exported. The North American Free Trade Agreement (NAFTA), which came into force in 1994 and created a free trade area for Mexico, Canada and the United States, is the most important feature of bilateral trade relations between the United States and Mexico. On January 1, 2008, all tariffs and quotas for U.S. exports to Mexico and Canada were eliminated under the North American Free Trade Agreement (NAFTA). NAFTA covers services other than air, marine and basic telecommunications. The agreement also provides protection for intellectual property rights in a wide range of areas, including patents, trademarks and copyrighted material. NAFTA`s procurement provisions apply not only to goods, but also to contracts for services and work at the federal level. In addition, U.S. investors are assured of equal treatment for domestic investors in Mexico and Canada. Once you have found that your product is qualified for NAFTA, read the next section to explain that the product is qualified for preferential tariff treatment.
The issuer of a written declaration of origin must, in addition to other supporting documents, certify that, in accordance with NAFTA rules of origin, goods are considered original products for products entering Canada for a period of five years from the date of import of goods for products entering Mexico. For products that are not fully purchased, you must follow the product`s original rule, usually due to a tariff lag or regional value content. Learn more about how to read and enforce FREI trade agreements. For more information about the USMCA, please visit the USTR website. The rules of origin (ROO) are contained in the final text of the free trade agreement. From time to time, a particular roo may be revised. You`ll find the latest version of ROC in the U.S. Harmonized Tariff Plan, General Notes — General Note 33. In addition to the rules of origin mentioned above, there may be other ways to qualify your product.