CUSMA Rules of Origin Regulations — 9
 of the material took place entirely in the territory of one or more of the CUSMA countries; (b) a producer of a good who chooses to accumulate is not required to accumulate the production of all materials that are incorporated into the good; and (c) any information set out in a statement referred to in any of subsections (2) to (5) that concerns the value of materials or costs must be in the same currency as the currency of the country in which the person who provided the statement is located. Examples (8) Each of the following examples is an “Example” as referred to in subsection 1 (4). Example 1 (subsection (1)): Producer A, located in CUSMA country A, imports unfinished bearing rings provided for in subheading 8482.99 into CUSMA country A from the territory of a non-CUSMA country. Producer A further processes the unfinished bearing rings into finished bearing rings, which are of the same subheading. The finished bearing rings of Producer A do not satisfy an applicable change in tariff classification and therefore do not qualify as originating goods. The net cost of the finished bearing rings (per unit) is calculated as follows: Product costs: Value of originating materials $0.15 Value of non-originating materials $0.75 Other product costs $0.35 Period costs (including $0.05 in excluded costs): $0.15 Other costs: $0.05 Total cost of the finished bearing rings, per unit: $1.45 Excluded costs (included in period costs): $0.05 Net cost of the finished bearing rings, per unit: $1.40 Producer A sells the finished bearing rings to Producer B, who is located in CUSMA country A, for $1.50 each. Producer B further processes them into bearings and intends to export the bearings to CUSMA country B. Although the bearings satisfy the applicable change in tariff classification, the bearings are subject to a regional value content requirement. Situation A Producer B does not choose to accumulate costs incurred by Producer A with respect to the bearing rings used in the production of the bearings. The net cost of the bearings (per unit) is calculated as follows: Product costs: Value of originating materials $0.45 Value of non-originating materials (value, per unit, of the bearing rings purchased from Producer A) $1.50 Other product costs $0.75 Period costs (including $0.05 in excluded costs): $0.15 Other costs: $0.05 Total cost of the bearings, per unit: $2.90 Excluded costs (included in period costs): $0.05 Net cost of the bearings, per unit: $2.85 Under the net cost method, the regional value content of the bearings is RVC = (NC − VNM) ÷ NC × 100 = ($2.85 − $1.50) ÷ $2.85 × 100 = 47.4% Therefore, the bearings are non-originating goods. Situation B Producer B chooses to accumulate costs incurred by Producer A with respect to the bearing rings used in the production of the bearings. Producer A provides a statement described in paragraph (2)(a) to Producer B. The net cost of the bearings (per unit) is calculated as follows: Product costs: Value of originating materials ($0.45 + $0.15) $0.60 Value of non-originating materials (value, per unit, of the unfinished bearing rings imported by Producer A) $0.75 Other product costs ($0.75 + $0.35) $1.10 Period costs (($0.15 + $0.15), including $0.10 in excluded costs): $0.30 Other costs ($0.05 + $0.05): $0.10 Total cost of the bearings, per unit: $2.85 Excluded costs (included in period costs): $0.10 Net cost of the bearings, per unit: $2.75 Under the net cost method, the regional value content of the bearings is RVC = (NC − VNM) ÷ NC × 100 = ($2.75 − $0.75) ÷ $2.75 × 100 = 72.7% Therefore, the bearings are originating goods. Situation C Producer B chooses to accumulate costs incurred by Producer A with respect to the bearing rings used in the production of the bearings. Producer A provides to Producer B a statement described in paragraph (2)(b) that specifies an amount equal to the net cost minus the value of non-originating materials used to produce the finished bearing rings ($1.40 - $0.75 = $0.6