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Recent Trade News

Statement On The Passing Of Glen Todd
Mar 29, 2022


General Strike At Port Of Montreal Set To Begin Next Week
Apr 23, 2021 CSCB


Regulation Update To Pet Foods From The US
Apr 09, 2021 CFIA


Minister Ng announces Canada is ratifying the Canada-United Kingdom Trade Continuity Agreement
Mar 19, 2021 Global Affairs Canada


Importing Food Into Canada With A Safe Food For Canadians Licence
Mar 15, 2021 CFIA


Reminder: Importing food into Canada with a Safe Food for Canadians licence
Feb 17, 2021 CFIA


Safe Food For Canadians Licence Renewals
Jan 08, 2021 CFIA


Statement By Minister Ng On Canada’s Request For CUSMA Dispute Settlement Consultations With United States On Canadian Solar Products
Jan 07, 2021 Global Affairs Canada


Canada Announces Steps To Ensure Stability For Canada-United Kingdom Trade In Goods
Dec 22, 2020 Global Affairs Canada


Minister Ng Introduces Legislation In House Of Commons To Implement Canada-United Kingdom Trade Continuity Agreement
Dec 09, 2020 Global Affairs Canada


Implementation Of Chapters Of The Animal Products Import Policy Framework
Dec 02, 2020 CFIA


Canada Successfully Concludes Talks On Transitional Trade Continuity Agreement With The United Kingdom
Nov 21, 2020 Global Affairs Canada


Updated Requirements For Importing Organic Fresh Fruits And Vegetables
Oct 02, 2020 CFIA


New And Temporary Import Requirements On Romaine Lettuce
Oct 02, 2020 CFIA


U.S. Backs Down On Aluminum Tariffs
Sep 16, 2020 Pacific Customs Brokers


Canadian Tariffs On U.S. Products Coming Within Days
Sep 15, 2020 CSCB


Additional Organic Produce Import Requirements
Sep 10, 2020


Longshoremen Return To Work At The Port Of Montreal As Negotiations Continue
Aug 24, 2020


Port Of Montreal Labour Disruption – Vessel Options
Aug 19, 2020


72-Hour Strike From July 27 to 31 At Port Of Montreal
Aug 10, 2020


Canada Retaliates With New Surtaxes Imposed On Goods Imported From The U.S.
Aug 07, 2020


U.S. Imposes A 10% Duty On Canadian Aluminium Effective August 16th, 2020
Aug 06, 2020 Pacific Customs Brokers


Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
Aug 04, 2020 CFIA


Reminder On SFCR Requirements For The Manufactured Food Sector
Jul 10, 2020 Pacific Customs Brokers


Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
Jun 29, 2020 CFIA

Read More News »

 

NAFTA Will be Replaced with THE United States- Mexico-Canada Agreement (USMCA)

By Pacific Customs Brokers, Pacific Customs Brokers Oct 01, 2018
Late Sunday night, a trade agreement was reached between Canada, the U.S., and Mexico. The new agreement will replace the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement or USMCA.
 
NAFTA will remain in place with all its current rules until the legislative branches of government from Canada, Mexico, and the U.S. enact the USMCA. As it is NAFTA certificate renewal season, we strongly suggest that you continue with your plans to renew your certificates at this time.
 
 In the meantime, here are some highlights from the new Trade Agreement.
 
  • The de minims threshold in Canada will increase from $20 to $150 dollars.
  • Canada agreed to provide U.S. dairy farmers access to about 3.5 % of its approximately $16 billion annual domestic dairy market.
  • An auto parts quota of $108 billion and $32.4 billion will be in place for Mexico and Canada respectively.
  • The Rules of Origin on foreign autos into the U.S. will require a regional value content of 75%, up from 62.5% under NAFTA. This will be transitioned into the new deal over 5 years.
  • 70% of autos must be made up of steel and aluminum manufactured in the three countries.
Our Trade Advisors in both our Canadian and U.S. offices are reviewing the full text that has been published to determine how the new USMCA will affect your trade practices. Stay tuned for coming announcements.