At FedEx, trade is our business, and expanding global trade is essential to our customers, our workers and our company. USMCA replaces the twenty-six-year-old North American Free Trade Agreement (NAFTA), helping to streamline trade across the North American market, which is of critical importance to FedEx and our customers.
"We applaud the governments of
USMCA makes North American trade easier and addresses issues including e-commerce and the protection of intellectual property. When it comes to day-to-day shipping for FedEx customers, USMCA offers several advantages:
The de minimis, or duty and/or tax exemption threshold agreed to by the three governments, increases for imports into
Simplified clearance value limits increase, reducing the amount of documentation necessary. As a result, volumes of formal clearance decrease, lowering costs and increasing efficiencies.
Quicker clearance for more shipments will result in higher customer satisfaction.
The agreement is recognized in
For more information about the new agreement rules, new requirements to certify the origin of the goods, including required Certification of Origin document options when necessary and new value thresholds visit fedex.com/usmca.
To learn more about the importance of trade to FedEx, visit fedex.com/trade.
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