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)
The Department of Finance is currently assessing the written submissions provided by stakeholders during the public consultations in August to determine how best to proceed with a global safeguard action against steel imports. It is anticipated that the Department will complete its report imminently and that a decision on the initiation of the action will… Continue reading IMPORTANT INFORMATION SESSION on Anticipated Canadian Global Safeguard Action Against…
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…
For companies that trade in goods, the Canada-EU Comprehensive Economic and Trade Agreement (CETA) offers both new and enhanced market access opportunities in Canada and the European Union. By eliminating almost all of the customs duties that previously applied, the CETA has reduced the landed costs of EU goods imported into the Canadian market and Canadian goods… Continue reading Procedural Requirements for Preferential Tariff Treatment under the CETA, Part…
If Canada imposes global safeguard measures on imported steel products, the Canada-EU Comprehensive Economic and Trade Agreement (CETA) does not prevent such measures from applying to subject goods from the European Union. While many of Canada’s free trade agreements either require or permit the Government of Canada to exclude the goods of a trading partner from the… Continue reading The CETA Does not Exclude EU Steel Products from Canadian…
In brief: The CETA eliminates customs tariffs of 17-18 percent on EU clothing and apparel products imported into Canada, provided that the applicable rules of origin are satisfied. This preferential tariff treatment equates to a significant competitive advantage, lowering the costs and increasing the profitability of EU apparel goods sold in the Canadian market. Year-to-date… Continue reading Analyzing the Opportunities for Trade in Apparel Products Under the…
On July 1, 2018, Canada will impose countermeasures in the form of surtaxes against C$16.6 billion in imports of steel, aluminum, and other products from the U.S., representing the value of 2017 Canadian exports affected by the U.S. tariffs on imports of certain steel (25%) and aluminum (10%) products from Canada. Surtaxes of 25% will apply to… Continue reading Canada Announces Final Countermeasures Against the United States
Uncertain Times for the Canadian Auto Sector On June 1st, the U.S. tariffs under section 232 of the Trade Expansion Act of 1962 were imposed on steel and aluminum products imported into the United States from Canada, Mexico, and the European Union when the exemptions for those countries expired (see “Nothing Goods Happens after Midnight: Canada, Mexico… Continue reading CETA Opportunities for the Canadian Automotive Industry in Uncertain Times
Regional trade agreements (“RTAs”) facilitate trade between their signatories. They can be bilateral (between two countries) or plurilateral (between three or more countries), and they encompass all reciprocal trade agreements, including those between countries from different geographic regions. These agreements are often referred to as “Free Trade Agreements” (FTAs). RTAs have become increasingly complex –… Continue reading Canada and Regional Trade Agreements
ereposky & DeRose LLP’s CETA Expertise As the key experts in the European Union’s CETA market access support project (service contract no. 2016/EuropeAid/DH/SER/137-941), the team at Tereposky & DeRose LLP has completed a thorough clause-by-clause legal analysis of CETA implementation. This includes comprehensive assessments of how the CETA provisions create new and enhanced business opportunities… Continue reading The Canada-EU Comprehensive and Economic Trade Agreement (CETA)
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