All indications are pointing to a possible July 1, 2017 or even a June 1, 2017 implementation date for the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). Importers can then avail themselves of duty free treatment – with some notable exceptions. Importers should be aware, unlike other free trade agreements that Canada has in place where a certificate of origin is required, that a properly formatted “origin declaration” will suffice.
Moreover, the CETA rules of origin will incorporate a “focused value” rule whereby only the value of specific, key non-originating components will be considered when making an origin determination of a finished product under the product-specific CETA rule of origin. The “focused value” rule thereby differs from the RVC (regional value content) analysis that NAFTA importers may be familiar with.