📜Compliance and Trade Implications for USMCA Textile and Automotive Industries
Agreement Between the United States of America, the United Mexican States, and Canada (USMCA) Implementing Regulations Related to Textile and Apparel Goods, Automotive Goods, and Other USMCA Provisions
Summary
This interim final rule amends the U.S. Customs and Border Protection (CBP) regulations to add implementing regulations for the preferential tariff treatment and related customs provisions of the Agreement Between the United States of America, the United Mexican States, and Canada (USMCA) with respect to general definitions, drawback and duty-deferral programs, textile and apparel goods, and automotive goods. This document also amends the regulations to implement the temporary admission of goods, to delineate recordkeeping and protest requirements, to clarify the fee provisions, and to make conforming amendments, including technical corrections to other laws as required by statute.
Agencies
- Homeland Security Department
- Treasury Department
- U.S. Customs and Border Protection
Business Impact
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The content outlines compliance and regulatory requirements for the USMCA related to textile and automotive goods, impacting businesses involved in trade with Canada and Mexico. Businesses must adhere to new certification processes and recordkeeping obligations to qualify for preferential tariff treatment, along with potential duty refunds.