United States-Mexico-Canada Agreement The USMCA agreement came into effect on July 1st 2020, replacing the North American Free Trade Agreement (NAFTA), which had been in place since 1994. The aim of the new accord was to modernize trade policy among the U.S., Mexico...
Approved by Congress and signed by President Trump on January 29, the U.S.-Mexico-Canada Agreement is one big step closer to entering into force. Mexico was first to ratify the trade pact on June 19, 2019. Canada’s House of Commons will be taking up the USMCA this...
Any company that relies on cross-border supply chains or sales needs to track and be ready to respond to the changing trade policies affecting global markets. The best way for businesses to stay ahead of these changes is through a robust Global Trade Management...
The USTR plan for renegotiating NAFTA is largely about bringing it in line with trade policies developed since 1994. What’s really new: The U.S. states its goal is to reduce the U.S. trade deficit. Talks are set to open August 16. The first round of talks to revise...
Faced with the threat of retaliatory tariffs from Canada and Mexico, Congress tucked a repeal of the mandatory country-of-origin labeling – or COOL – rules for meat that offended the NAFTA trade partners into the omnibus spending bill passed in the closing days of...
Are the NAFTA partners getting set to trade sanctions instead of imports and exports? The US is being urged to drop its country-of-origin labeling requirement for imported meat and livestock following the World Trade Organization’s decision in favor of the Canadian...
Japan, the No. 2 source for autos imported by the US since the 1970s, will likely be overtaken by Mexico this year, according to a report from Bloomberg that cites IHS Automotive estimates. Mexican auto exports have quadrupled from 1993 to 2013, says Bloomberg, while...
Ambassador to the US Arturo Sarukhan plugs benefits of NAFTA Over the next few days, Ambassador Sarukhan promises to deliver – via twitter – powerful examples of how trade with Mexico benefits the US economy and helps create US jobs. Here are some of the examples he’s...
People who import-export say the most surprising things By Peter Quinter, guest columnist I have been an international trade attorney for over 20 years. In that time, I have represented a few thousand companies involved in the importation, exportation, and...
Pace of growth would double exports in five years The Export-Import Bank of the U.S. (Ex-Im Bank) is trumpeting government statistics that indicate U.S. exports of goods and services increased by 16.9% in the first four months of 2010. At this pace, the U.S. is on...
