The U.S.-Mexico-Canada Agreement (USMCA) proposes to loosen some NAFTA rules of origin and tighten others, but the new deal marks more of a continuation than a remake of the pact that entered into force almost 25 years ago, according to trade analysts.
While USMCA would adopt more restrictive automotive rules of origin than NAFTA, it proposes to relax regional value content (RVC) and tariff-shift requirements for items including slot machines and outdoor equipment, Andrew Doornaert, a managing director in KPMG’s Trade and Customs Practice, said during a USMCA webinar conducted by his firm on Tuesday.
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- Posted by ALBA Wheels
- On October 23, 2018
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