Keeping The CPTPP As A Spare Tire: The New And Different Automotive Rules Of Origin Under The CUSMA And The CPTPP - International Law
CKFTA"), Japan was the last major automotive exporting jurisdiction to obtain duty-free access to the Canadian market. The less stringent CPTPP rules of origin may allow some Canadian and Mexican vehicle and parts manufacturers to sidestep the CUSMA requirements for vehicles or parts shipped directly between Canada and Mexico. Given the importance of the US market, most manufacturers will be incentivized to organize their operations to meet (and demonstrate compliance with) the more rigorous CUSMA rules of origin. However, manufacturers may decide that in some cases meeting the easier CPTPP r...
Source: mondaq.com