USMCA
The USMCA (United States–Mexico–Canada Agreement) replaced NAFTA, redefining the rules of trade in North America. This agreement promotes economic cooperation, facilitates trade, and attracts investment. It includes new and expanded chapters on digital trade, environmental issues, and labor matters. Its purpose is to balance the benefits among the member countries, strengthen the regional economy, and establish fair, barrier-free trade.
Specialized USMCA Advisory Services
The United States–Mexico–Canada Agreement (USMCA) has introduced several significant changes that affect companies in their foreign trade operations. Among the most notable are the certificate of origin, the rules of origin, and new regulations related to environmental, labor, anti-corruption, and digital trade matters.
The certificate of origin is one of the most important elements of the USMCA. It now allows an origin declaration from the producer or exporter on a commercial invoice or another document, instead of the rigid format required under NAFTA. This change provides companies with greater flexibility and simplifies the certification process.
The rules of origin have also undergone significant changes. For example, in the automotive industry, the Regional Value Content (RVC) increased from 62.5% under NAFTA to 75% under the USMCA. A new “de minimis” rule was also introduced, allowing a certain percentage of non-originating components in a product without causing it to lose its originating status. These changes may require companies to reassess and adjust their supply chains.
We understand that learning about and applying this new framework can be complex, especially without the right support. That is why, at IBC Consulting, we help our clients carry out a personalized analysis of the changes that will impact their company. We also provide ongoing guidance through our specialized consulting services to help them resolve any questions or concerns they may have regarding the USMCA and other foreign trade matters.
How We Work With Our Clients
Identify the problem
Research and analysis
Propose solutions
We conduct an assessment of real needs to identify areas of opportunity. We listen to the team to understand what they require through a process of questions and answers that helps us analyze the problem or need.
We analyze the identified problem to determine its causes and current status. We define the importance of the issue, establish priorities, and begin mapping out the path forward according to the needs identified.
Once we have a clear picture of the situation, we will propose value-driven strategies to solve the problem, which can be put into practice with the aim of reducing risk and increasing the company’s profitability.
