The latest on Russia sanctions from the International Trade and Supply Chain Team
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The U.S.-Mexico-Canada Free Trade Agreement (USMCA) will displace NAFTA and become effective July 1, 2020. Though similar to NAFTA in many ways, key changes in the USMCA include provisions for digital trade, implementation of new local labor standards in the automotive sector, and the adjustment of the rules of origin for a wide variety of products.  Companies entering goods under the USMCA should be sure to have a properly completed USMCA Certificate of Origin at the time of entry. Also, irrespective of the eligibility of the goods under NAFTA, USMCA eligibility should be verified independently since the USMCA rules could be more stringent or more lenient for any number of products.  Also, the USMCA de minimus provisions and various exceptions in the USMCA rules of origin may affect whether goods might qualify thereunder. Although concerns about the timing of the implementation due to the ongoing COVID-19 outbreak were raised, the administration is holding to its July 1 implementation date. Husch Blackwell will continue to monitor and review the USMCA and encourages those who may have questions or concerns to contact Robert Stang or other members of Husch Blackwell’s International Trade and Supply Chain group.