CUSMA Compliance Tips
Moving goods across international borders has always required careful planning and attention to detail. In today's evolving trade environment, understanding compliance requirements and trade agreements is more important than ever.
The World Trade Centre Toronto recently shared insights from Christian Sivière, President of Solimpex, to help businesses navigate trade with the United States and make informed decisions regarding CUSMA (Canada-United States-Mexico Agreement) compliance.
Key considerations for exporters include:
1. Take the time to assess CUSMA eligibility Businesses should carefully evaluate whether their products meet the applicable rules of origin before claiming CUSMA benefits. In some cases, exporting under standard tariff treatment while completing additional due diligence may be the more prudent approach.
2. Understand the Rules of Origin A thorough understanding of Harmonized System (HS) codes, product inputs, and product-specific rules of origin is essential for determining eligibility and ensuring compliance with trade agreements.
3. Use compliance reviews as a broader business exercise Reviewing supply chains and product sourcing can also help businesses strengthen compliance with other requirements, including forced labour legislation, export controls, sanctions, and broader supply chain due diligence practices.
Businesses exploring export opportunities may also benefit from connecting with Export Development Canada (EDC), which offers market intelligence, risk management tools, financing solutions, and export-related advisory services to support growth in North American and global markets.