Sunday, December 16, 2018

 

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Recent Trade News

Restrictions on imported romaine lettuce harvested in California (USA) and salads from all of the USA
Nov 30, 2018 Canadian Food Inspection Agency


Canada To Impose Surtax On Import Of Certain Steel Goods
Oct 12, 2018 Pacific Customs Brokers


NAFTA Will be Replaced with THE United States- Mexico-Canada Agreement (USMCA)
Oct 01, 2018 Pacific Customs Brokers


U.S.-China Trade War Heating Up
Sep 19, 2018 Pacific Customs Brokers


Deltaport & Vanterm Plan To Suspend Terminal Operations Beginning September 7th 2018
Sep 05, 2018 Pacific Customs Brokers


Proposed U.S. Tariffs On Chinese Imports
Jul 12, 2018 Pacific Customs Brokers


Canada Announces Commodities Affected by Retaliatory Surtax
Jun 29, 2018 Pacific Customs Brokers


Commodities in Chapter 98 and 99 will be surtaxed if countermeasures move forward
Jun 20, 2018 Pacific Customs Brokers


Safe Food for Canadians Act Published
Jun 14, 2018 Pacific Customs Brokers


Duty Increase To Aluminum And Steel Imports Into The U.S. Effective June 1, 2018
May 31, 2018 Pacific Customs Brokers


CP Rail Avoids Train Stoppage
Apr 23, 2018 Pacific Customs Brokers


CP Rail Will Experience Train Shutdown Into And Out Of Canada Effective April 21 2018
Apr 20, 2018 Pacific Customs Brokers


TPP States Agree New Framework Needed to Implement Pact Without U.S.
Jul 20, 2017 The Japan Times


USTR Releases NAFTA Negotiating Objectives
Jul 20, 2017 Office of the United States Trade Representative


Statement by the Foreign Affairs Minister on the North American Free Trade Agreement
Jul 20, 2017 Global Affairs Canada


Canada, EU to Provisionally Apply CETA in September
Jul 13, 2017 CBC News


Japan to Host TPP Pacific Rim Trade Pact Talks
Jul 13, 2017 CTV News


FDA Updates Policy on Release Without Notification to Reflect Current De Minimis Level
Jul 06, 2017 Sandler, Travis & Rosenberg


More Trouble for Canada-EU Trade Deal, as Drug Changes Delay Implementation
Jul 06, 2017 CBC News


U.S. Slaps Dumping Duties on Canadian Wood, Ottawa Vows to Fight
Jun 29, 2017 Reuters Canada


Canada Vows to Defend Supply Management as NAFTA Talks Set to Start in August
Jun 29, 2017 The Globe and Mail


U.S. in Trade Talks with Asian Nations to Replace TPP, Commerce Secretary Says
Jun 29, 2017 South China Morning Post


U.S. Dairy Lobby Submits Its Demands for NAFTA
Jun 19, 2017 Hamilton Spectator


Canada-EU Trade Deal's July 1 Target Threatened by New Cheese Dispute
Jun 19, 2017 CBC News


Dairy Groups Pledge to Work with Trump Administration on NAFTA Modernization
Jun 14, 2017 Food Ingredients First

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.