The United States – Mexico- Canada Agreement (USMCA), known in Canada as Canada – US – Mexico agreement (CUSMA), establishes a framework for duty-free trade among the three nations, provided goods meet specific rules of origin. Recent developments have underscored the importance of ensuring goods qualify under CUSMA to avoid newly imposed tariffs.
Topics: Classification, Tradewin, Canada, United States, Tariffs
The automotive industry relies heavily on the global flow of parts and components, making accurate classification within the Harmonized System (HS) critical. This complex system of names and numbers dictates tariffs and facilitates international trade, but its intricacies can be highly challenging for automotive products.
Differences that seem minor in a part description may lead to exponentially different classifications and, as a result, wildly varying duty rates. These differences can have significant financial implications for automotive businesses, impacting everything from production costs to final vehicle pricing.
Topics: Classification, Tradewin, HS Classification, Automotive
On November 15, 2024, the Ministry of Commerce of the People's Republic of China, in conjunction with relevant departments, released the "Export Control List of Dual-Use Items of the People's Republic of China," deciding to arrange the controlled items using a coding system, known as China's ECCN, effective from December 1, 2024.
The publication of the List and the control codes provides an essential basis for export operators to apply for export licenses for related items and also facilitates the implementation of administrative licensing and supervision enforcement by the Ministry of Commerce and other departments, ensuring the effective implementation of export control. The detailed content is as follows:
Topics: Classification, Export Compliance, Export Administration Regulations, China
