When it was announced that Canada, the United States and Mexico had reached an agreement to amend the North American Free Trade Agreement (“NAFTA”), one of the important changes was an increase to the de minimis threshold, which is the monetary value of courier shipments that can enter Canada without payment of duties and taxes.
Mexico
MSK’s COVID-19 Client Communication, Vol. 3
Please see the following as published by my law firm, MSK, on March 24, 2020. The following contains articles written by me and my colleagues at my firm.
After a busy weekend of Shelter In Place orders and various other developments involving COVID-19, our latest alert below is rather lengthy and covers many different…
Are you ready for the new CUSMA/USMCA Auto Rules of Origin?
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…
Tariff Turbulence Continues to Fly!
Putting all the hyperbole and posturing to one side, the recent agreement between Mexico and the U.S. which averted the tariffs can be found in the U.S.- Mexico Joint Statement released June 7, 2019. It consists of a few broad policy statements:
- Mexico will deploy its National Guard throughout Mexico, giving priority to its southern
…
Which Way Is Up?
Canada
This client alert was originally published on May 30, 2018, and now there is an update. Today, May 31st, President Trump announced a resolution with Argentina, Brazil and Australia regarding the 232 tariffs on steel (25%) and/or aluminum (10%), but as there is no similar agreement with Canada, Mexico or the EU, the tariffs…
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…
What is the CPTPP?
Canada
On November 10, 2017, the TransPacific Partnership Agreement (-1) was renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”). Canada made an announcement about the CPTPP and the new name was used. Canada’s announcement was made prior to the release of the Joint Statement.
The CPTPP parties are Australia, Brunei Darussalam, Canada,…
Global Affairs Canada Consulting Canadians on TPP-1
Canada
On September 30, 2017, Global Affairs Canada commenced a consultation process with Canadians about on entering into a TransPacific Partnership Agreement with the remaining 11 counties (“TPP-1”). An announcement was published in the Canada Gazette, Part 1, Volume 151, No. 39 (September 30, 2017) concerning the consultations. On page 3759, Global Affairs published a…
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 Chapter 19 Bi-National Panel Review Process Used Rarely By Canada/US; BUT Remains Needed
Let’s face an incontrovertible fact – in the last 10 years, there are have been very few NAFTA Chapter 19 Bi-national Panels convened in respect of Canada-US & US-Canada trade remedies. Yes, there have been a few softwood lumber cases (prior to the last 10 years by the way). But, the reality is that, in…