On September 30, 2018, Canada, the United States and Mexico announced the conclusion of the Canada-United States-Mexico Agreement (the “CUSMA” or “USMCA” or “NAFTA 2.0”), a modernized free trade agreement that will replace the existing North American Free Trade Agreement (“NAFTA”). On November 30, 2018, the CUSMA was signed by each
U.S. Demand For Local Content Rules of Origin for Autos May Be Contrary to GATT 1994 Article XXIV
Canada
Article XXIV of the General Agreement on Tariffs and Trade 1994 (“GATT 1994”) (and the Understanding on the Interpretation of GATT Article XXIV of the General Agreement on Tariffs and Trade 1994) may prevent some of the U.S. demands made at the start of the NAFTA modernization/renegotiation talks this week. Article XXIV of
NAFTA Rules of Origin Renegotiation – Make Trump An Offer He Cannot Refuse
The Trump Administration has signaled that one of first areas of interest for North American Free Trade Agreement (“NAFTA”) renegotiation is the rules of origin. Rules of origin are boring, technical rules in Annex 401, which are permit goods to receive preferential duty-free treatment. Only goods that originate in a NAFTA country are entitled to