The long running disputes between the United States and European Union concerning subsidies granted to Boeing and Airbus are moving into the trade retaliation stage. If the US and the EU impose countermeasures on one another in the form of tariffs applied strategically to certain traded goods or other measures applied to services, this could… Continue reading From “Soup to Nuts” to Services – Potential Market Opportunities…
On 30 December 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force among the first six countries to ratify the agreement: Australia, Canada, Japan, Mexico, New Zealand and Singapore. On 14 January 2019, the CPTPP entered into force for Vietnam. The first meeting of the Trans-Pacific Partnership Commission, the institution that oversees the… Continue reading And They’re off… CPTPP Commission Concludes its First Meeting
On 30th November 2018, Mexico, Canada and the United States signed the updated free trade agreement that will replace the North American Free Trade Agreement (the “NAFTA”, which is specifically referred to in the text of the new agreement as the “NAFTA 1994”). Unlike the NAFTA, the new agreement does not appear to have a uniform name… Continue reading Mexico, Canada and the United States sign the “T-MEC” (and…
On November 14th, the Government of Canada published in the Canada Gazette, Part II (Volume 152, number 23) a number of new regulations and regulatory amendments necessary to implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). The CPTPP is expected to enter into force on 30th December for the six countries that have completed the formal ratification process, i.e., Australia,… Continue reading Canada Publishes New Regulations and Regulatory Amendments to Implement the…
On October 31st, Australia became the sixth country to formally ratify the the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) by providing written notice to the CPTPP Depository in New Zealand that its internal legal procedures to implement the Agreement are complete (see “Canada Ratifies the CETA — Is Australia Next”). Article 3 of the CPTPP provides that the Agreement shall… Continue reading Australia Makes Six, Triggering the Countdown to the CPTPP’s Entry…
On October 29th, Canada formally ratified the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) by providing written notice to the CPTPP Depository in New Zealand that Canada’s internal legal procedures to implement the Agreement are complete. (see e.g., Global Affairs Canada, “Statement by Minister Carr on Canada’s Ratification of Comprehensive and Progressive Agreement for Trans-Pacific Partnership”) Although Canada has not yet… Continue reading Canada Ratifies the CPTPP – Is Australia Next ?
On October 25th, the federal legislation to implement Canada’s obligations under the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) received royal assent. The next step is implementation at the regulatory and administrative levels, which ordinarily begins with the publication of proposed regulatory changes in the Canada Gazette – Part I for a period of public review. Article 3 of the CPTPP text… Continue reading Canada Passes Federal Legislation to Implement CPTPP
The “NAFTA” will soon be the “USMCA”. The preliminary text of the new 34 chapter trilateral trade agreement has been posted on the website of the United States Trade Representative (USTR): USMCA Text Greater Market Access for US Dairy Products The USMCA provides greater market access to a range of U.S. dairy products in Canada… Continue reading The New Modernized NAFTA – The United States-Mexico-Canada Agreement (USMCA)
To take advantage of the preferential tariff treatment that allows goods to be traded on a duty-free basis between Canada and the European Union, a number of mandatory requirements under the Comprehensive Economic and Trade Agreement (CETA) must be satisfied. To start with, importers and exporters must ensure that their products qualify as “originating” under the product-specific… Continue reading Procedural Requirements for Preferential Tariff Treatment Under the CETA, Part…
The preferential tariff treatment provided under the Canada-EU Comprehensive Economic and Trade Agreement (CETA) eliminates almost all of the customs duties that previously applied to goods traded between Canada and the European Union. This allows businesses to import most Canadian goods into the European Union and most EU goods into Canada on a duty-free basis, reducing landed… Continue reading Procedural Requirements for Preferential Tariff Treatment Under the CETA, Part…
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