` International Trade News | ABC Customs Brokers Ltd.

Monday, August 10, 2020

 

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Recent Trade News

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


CFIA Updates Document Requirements On Imports Of Broth, Flavour And Extracts Of Meat Origin
May 15, 2020 Pacific Customs Brokers


Mobile Crane Imports To The U.S. Under Section 232 Investigation
May 07, 2020 Pacific Customs Brokers


New USMCA Trade Pact To Go Into Effect On July 1
Apr 29, 2020 Pacific Customs Brokers


CN Rail COVID-19 Update (April 17, 2020)
Apr 20, 2020 Pacific Customs Brokers


Updated Import Requirements for Mexican Cilantro and Cantaloupe
Apr 08, 2020 Pacific Customs Brokers


Revised NAFTA Will Not Take Effect On June 1, As Trump Had Hoped
Apr 02, 2020 Pacific Customs Brokers


Air Canada Cargo
Mar 24, 2020 Pacific Customs Brokers


Decommissioning Legacy OGD Release Service Options (SO463 and SO471)
Mar 24, 2020 CBSA


National Import Service Centre Working To Prioritize Workload
Mar 23, 2020


CN Rail Update: Canada - United States Border Remains Open to Rail
Mar 18, 2020 CN Rail


CA/US Borders Remain Open To Essential Traffic AND Trade
Mar 18, 2020 Pacific Customs Brokers


Canadian Borders Remain Open To Imports Amid COVID-19 Pandemic
Mar 16, 2020 Pacific Customs Brokers


Urgent Notification: Romaine Lettuce Import Requirements Updated
Mar 06, 2020 Pacific Customs Brokers


Pacific Highway Cargo Facility Lane Closure Beginning March 2, 2020
Feb 26, 2020 USCBP


CN Rail Blockades Updates: Rail Blockades Lifted
Feb 26, 2020 Pacific Customs Brokers


Montreal Gateway Terminals At The Port Of Montreal Has Officially Declared Force Majeure
Feb 21, 2020 Pacific Customs Brokers


Transport Of Animals Regulations Come Into Force February 2020
Feb 21, 2020 Pacific Customs Brokers


Decommissioning Of Other Government Department (OGD) Release Service Options Is Fast Approaching!
Feb 20, 2020 Pacific Customs Brokers


Administrative Monetary Penalties Webinar
Feb 03, 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.