Late in the evening on September 30, 2018, the United States, Canada and Mexico announced the conclusion of negotiations of the United States – Mexico – Canada Agreement (”USMCA”) (also known as NAFTA 2.0). While the text of USMCA remains to be finalized, formally signed and ratified by each of the three countries, a preliminary
Is your organization ready for the new CPTPP?
Canada
On January 23, 2018, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam reached an agreement in principle for a multi-country free trade area. The Trans-Pacific Partnership Agreement has been renamed and will be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”).
We don’t yet know when the
NAFTA Termination? What is your Strategy?
Will President Trump terminate NAFTA? Unfortunately, we don’t know. Some days, press reports suggest a growing possibility that he will take steps to terminate the agreement. Other days, President Trump’s pronouncements hint that he may be prepared to further negotiations. This leaves organizations in a difficult position. If President Trump does issue a notification of
A “Catch 22” For Canadian Corporations Trading With Cuba – Canada’s Foreign Extraterritorial Measures Act –
It is legal under Canadian law for Canadian persons, including Canadian corporation, branches of U.S. companies and subsidiaries of U.S. companies to do business with Cuba. Canadian persons and Canadians outside Canada may sell goods and services to Cuba, with the exception of goods covered by Canada’s export control and economic sanctions laws. For example,
Do You Know The Canadian Marking And Labelling Rules For Importing Textile Products Into Canada?
Canada
There are several pieces of Canadian legislation that prescribe marking and labelling requirements for textile products that are imported into Canada. While it is difficult to provide specific requirements without detailed information about the product, and certain exemptions may be available, the manufacturer, importer, target market, etc, the following marking/labelling requirements may apply:
1)
How To Start A Trade Compliance Program? Who, What, When, Where, How Questions To Ask
Canada
The trade landscape is changing for many Canadian companies. Canada is involved in the renegotiation of NAFTA. The Canada-Ukraine Free Trade Agreement comes into effect on August 1, 2017. The Canada-EU CETA enters into provisional effect on September 21, 2017. The Government of Canada is updating export controls and economic sanctions laws and Global
What Will The U.S. Be Fighting For And What Direction Can Canadian Businesses Take From The Recently Published U.S. Objectives For The NAFTA Renegotiation
Reports in today’s press indicate that the first round of NAFTA renegotiation talks will begin on August 16, 2017 in Washington, D.C. Each country has conducted or is in the process of conducting consultations with its stakeholders. The U.S. Congress has now received the U.S. Summary of Objectives for the NAFTA Renegotiation (the “US Objectives”).
What’s Next for NAFTA – USTR Releases its NAFTA Renegotiation Objectives
On July 17, 2017, following consultation with Congress, stakeholders and the public, United States Trade Representative Robert Lighthizer released a detailed summary of the U.S. negotiating objectives for the renegotiation of the North American Free Trade Agreement (NAFTA) entitled the Summary of Objectives for the NAFTA Renegotiation (the “US NAFTA Renegotiation Objectives List”). The summary
Every Business Needs An Annual Compliance Check Up
Canadian organizations face complex and often overlapping compliance requirements. Failure to comply may be met with stiff penalties and, in some cases, prison terms. Annual compliance internal audits represent an essential tool for organizations to respond to these requirements. Annual internal compliance audits are particularly important for organizations that participate in transactions for the purchase
Managing the 2017 Nafta Challenge
President Trump’s campaign promise to renegotiate the North American Free Trade Agreement (“NAFTA”) will soon be formally underway. In fact, in Mexico the process began on February 1, 2017, as the Mexican government announced a 90 day consultation period with representatives of the domestic industry to discuss and agree on the main concerns and proposals