CBLE CBLE Trade Agreements and Free Trade Programs

Question 1

Which agreement replaced NAFTA and governs trade between the United States, Canada, and Mexico?

Accepted Answer

USMCA

Answer

The United States-Mexico-Canada Agreement (USMCA) replaced NAFTA and entered into force on July 1, 2020.

Question 2

Under the Generalized System of Preferences (GSP), which form is required to claim duty-free treatment for eligible goods?

Accepted Answer

Form A

Answer

Form A (Certificate of Origin) is the document used to claim GSP duty-free treatment for eligible beneficiary developing countries.

Question 3

What is the primary criterion used to determine origin under USMCA for most goods?

Accepted Answer

Tariff shift rule

Answer

USMCA primarily uses tariff classification change (tariff shift) rules to determine if goods qualify as originating.

Question 4

Which U.S. free trade agreement partner receives duty-free treatment under the Israel FTA for most goods?

Accepted Answer

Israel

Answer

The U.S.-Israel Free Trade Agreement, in force since 1985, provides duty-free treatment for most goods traded between the two countries.

Question 5

Under USMCA's de minimis rule, what percentage of non-originating content is allowed without triggering a tariff shift requirement?

Accepted Answer

10%

Answer

USMCA allows a de minimis tolerance of 10% of the transaction value or weight of non-originating materials that do not undergo the required tariff shift.

(CBLE) Customs Broker License Exam Practice Test

(CBLE) Customs Broker License Exam Practice Test

CBLE CBLE Trade Agreements and Free Trade Programs