The North American Free Trade Agreement Pdf

Mexico is the third largest trading partner of the United States and the second largest export market for American products. In 2018, Mexico was our third largest trading partner (after Canada and China) and the second largest export market. Reciprocal trade in goods and services amounted to $678 billion, and this trade directly and indirectly supports millions of jobs in the United States. In 2018, the U.S. sold US$265 billion in U.S. products to Mexico and US$34 billion in services, for a total revenue of US$299 billion in Mexico. Mexico is the first or second export destination for 27 U.S. states. NAFTA covers services other than air transport, navigation and basic telecommunications. The agreement also provides protection for intellectual property rights in a wide range of areas, including patents, trademarks and copyrighted material. NAFTA`s award rules apply not only to goods, but also to federal service and construction contracts. In addition, U.S.

investors are assured of equal treatment with domestic investors in Mexico and Canada. The NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA), which entered into force in 1994 and created a free trade area for Mexico, Canada and the United States, is the main feature of the bilateral trade relationship between the United States and Mexico. As of January 1, 2008, all tariffs and quotas on U.S. exports to Mexico and Canada were eliminated under the North American Free Trade Agreement (NAFTA). NAFTA allows your company to ship qualified goods duty-free to customers in Canada and Mexico. Goods can qualify in different ways under NAFTA rules of origin. This may be because the goods are wholly obtained or manufactured in a NAFTA contracting party or because, in accordance with the rule of origin of the good, sufficient work and equipment is required to make the product what it is when it is exported. For more information about USMCA, please visit the USTR website.

The issuer of a written origin declaration must, in addition to other supporting documents, be considered originating to prove the originating status of the goods, for a period of five years from the date of importation of the goods for the goods going into Canada and for a period of ten years from the date of importation of the goods for the goods, Who go to Mexico, have at their disposal. Rules of origin (ROO) are included in the final text of the Free Trade Agreement. It is sometimes possible to revise a CERTAIN ROO. You can find the latest version of ROOs in the U.S. Harmonized Tariff Schedule, General Notes — General Note 33. In addition to the rules of origin mentioned above, there may be other ways to qualify your product: once you have found that your product qualifies for NAFTA, see the following section to explain that the product qualifies for preferential tariff treatment. For goods that are not fully purchased, you must comply with the product`s rule of origin, usually through tariff deferral or regional values. Learn more about how you read and apply the FTA Rules of Origin….

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