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Recent Trade News

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Safe Food For Canadians Licence Renewals
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Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
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Read More News »

 

Canada, Mexico Drawn into Deal-breaking Auto Talks in Trans-Pacific Negotiations

By Steven Chase, The Globe and Mail Aug 06, 2015

Canada and Mexico are joining forces to try to break a major logjam over Japanese autos at the Trans-Pacific Partnership talks, working to come up with a solution that preserves their respective vehicle assemblers and parts makers should a deal open North America to greater Asian imports.

Ottawa and Mexico City have been drawn deeply into a contentious issue at the Pacific Rim talks that held up a deal in Hawaii last week: How much of an automobile must be manufactured within the 12 participating countries to avoid hefty import tariffs inside this proposed trade zone.

A source familiar with the negotiations said Canadian negotiators showed up at the Maui talks to find that the United States had already cut a deal with Japan on how much vehicle content needs to come from Trans-Pacific Partnership (TPP) countries.

The Japanese are keen to draw on their existing Asian parts suppliers outside the new trade zone as much as possible.

Read Full Article on The Globe and Mail »