Kendrick Trade Weekly Newsletter
July 7, 2024
USMCA Biennial Report Summary
Released on July 1st, the latest biennial report from the United States Trade Representative (USTR) highlights the positive economic impact of the USMCA on the North American automotive industry. Key findings include a 15% increase in electric vehicle production and calls for updated rules of origin (ROOs) to reflect evolving technologies. Stakeholders emphasized the need for greater transparency and support for domestic manufacturing. With two years until the USMCA’s six-year review, the report outlines necessary adjustments to ensure continued success and compliance (USTR, 2024).
For more details, read the full blog post here.
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Kendrick Trade specializes in USMCA qualifications, helping businesses navigate the complexities of trade compliance under this agreement. By ensuring your operations meet the necessary criteria, Kendrick Trade can help you unlock the full potential of the free trade agreement. Visit Kendrick Trade to learn more about our services and how we can support your business in making the most of USMCA benefits.
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