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USMCA Comes into Effect on July 1st
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2020-07-06
After 3 years of negotiation, articles revision, and Parliaments approval procedures in USA, Mexico, and Canada, the all-new United States-Mexico-Canada Agreement (USMCA) has officially become effective since July 1st, 2020. The purpose of this new Agreement is to exempt relevant tariffs and lift certain trade barriers in the N. American region to facilitate trade activities amongst USA, Canada, and Mexico and reinforce the competitiveness of businesses in these countries.
The new Agreement includes specific requirements for the origins of certain automotive components and materials used, which clearly states that above a certain percentage of automotive components must be produced in USA, Canada, or Mexico, which could cause a significant impact on the automotive industry. Below are the detailed requirements:
- At least 75% of certain automotive components assembled on a car must be produced in N. America. (The NAFTA period was 62.5%).
- At least 70% of steel and aluminum materials used on a car must be produced in N. America.
- Over 40-45% of automotive components produced in N. America must be produced by workers each with the hourly pay of US$ 16.
The requirement stating “at least 75% of certain automotive components assembled on a car must be produced in N. America” was specifically formulated for 7 major automotive components, including chassis, engines, axles, transmissions, bumpers, sensors for steering wheels, and electric vehicle cells. If any of these items on a car is not produced in N. America, it won’t be considered “a car produced in N. America” and cannot enjoy the tariff-free benefit. With these requirements coming into effect, suppliers will be required to submit their origin documents and manufacturers will be also required to provide relevant copies. However, automotive fasteners are not included in the list of items subject to the requirements.
USMCA
NAFTA
EFFECTIVE
JULY
美加墨新貿易協定
七月生效
汽車零部件
automotive components
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2020-07-15
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