USMCA to Enter-Into-Force on July 1
The U.S. Trade Representative Robert Lighthizer notified Congress last week that Canada and Mexico have taken the measures necessary to comply with commitments under the United States-Mexico-Canada Agreement (USMCA). The U.S. also announced that it completed the requisite domestic procedures to also implement the agreement. This marks the final step for the USMCA to enter into force, which is set to occur on July 1, 2020.
The U.S. Customs and Border Protection issued earlier in April USMCA Interim Implementing Instructions, which are intended to be informational and provide early guidance on the new requirements. Final implementing instructions will be released prior to the July 1 entry-into-force. See USMCA Notification and Interim Implementing Instructions. More Info: Jackson Morrill