I attended the APMA webinar “Preparing for the CUSMA Implementation” and was very impressed by Flavio’s and his in-depth knowledge of CUSMA (They lived it for the last 18 months).
The most common question I get is, “From July 1, can I continue to use my NAFTA certificate?” The answer is NO! NAFTA is gone…It is not acceptable to use NAFTA certificates! NAFTA certificates of origin, need to be redone!
Certificate of origin – is now removed; there is no standard form. This is a process, a living agreement over the next 12-18 months to get this to be consistent—lots of changes happening, with the rollout compounded by a pandemic.
What is CUSMA?
On November 30, 2018, Canada, the United States, and Mexico signed an agreement to replace the North American Free Trade Agreement (NAFTA) with the Canada-United States-Mexico Agreement (CUSMA).
CUSMA will reinforce the strong economic ties between the three countries and support well-paying middle-class jobs for Canadians. Subsequently, on December 10, 2019, Canada, the United States and Mexico agreed to update some aspects of CUSMA to improve the final outcome and clear the path toward ratification and implementation of the agreement in all three countries.
Learn More about CUSMA and How Will it Affect Your Software Deployment Plans?
Join us for an exclusive webinar on July 8, where we will discuss and explain the rules and requirements of the new NAFTA II agreement and what you need to do differently in your ERP software.
Blog Post by Jim Heaton – President, VOX ISM
Jim graduated from Victoria Park High school, University of Toronto, and has a Western MBA. Jim started out as an accountant and has worked in the IT industry for the last 30 years. He is the president of VOX ISM, which has twice won a two-time Microsoft Partner of the Year award winner (#1 of 12,000 Microsoft Partners).