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ARTICLE · 28 APRIL 2020

Are You Prepared For CUSMA Entering Into Effect On July 1, 2020?

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On April 24, 2020, the United States publicly announced that the Canada-United States- Mexico Agreement will enter into effect to replace the North America Free Trade Agreement on July 1, 2020.

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Cyndee Todgham Cherniak
Cyndee Todgham Cherniak
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On April 24, 2020, the United States publicly announced that the Canada-United States- Mexico Agreement (CUSMA) (or USMCA under US terminology) will enter into effect to replace the North America Free Trade Agreement (NAFTA) on July 1, 2020. It is time to get prepared and ensure that your businesses processes in place to comply with the new CUSMA rules.

It is important to note that Canada, United States and Mexico must now negotiate and publish Uniform Regulations relating to customs matters. There will be additional regulatory changes announcements over the next weeks that may require further adjustments to business practices. That being said, do not leave your consideration of the necessary changes and steps that should be taken until the last minute.

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