Tag Archives: Canada

International Trade: A New Dawn for North American Trade

The business community, lawmakers and even workers across North America breathed a collective sigh of relief on October 1, 2018, after the renegotiated NAFTA agreement was unveiled. Following negotiations that had become acrimonious, and fears that Canada might be left out, the newly dubbed United States-Mexico-Canada Agreement (USMCA) yielded significant but workable changes to cross-border trade … Continue reading this entry

Understanding and Coping with the U.S.-Mexico-Canada Agreement: USMCA Updates NAFTA Rules of Origin for Motor Vehicles and Auto Parts

supply chain
On September 30, 2018, the United States, Mexico and Canada announced that they have reached an agreement on a “new, modernized trade agreement for the 21st Century” (USTR, 09/30/2018). Going by the new name of the US-Mexico-Canada Agreement (USMCA), it will entirely replace the North American Free Trade Agreement (NAFTA).… Continue reading this entry

Meet the New NAFTA, Same as the Old NAFTA?

manufacturing
After all the gloom and doom and worry, the United States, Canada and Mexico tweaked the North American Free Trade Agreement.  Most importantly (apparently), they changed the name.  Banished is NAFTA.  In its place is the United States-Mexico-Canada Agreement (USMCA).  USMCA might be a bit more cumbersome to say, but that might be the largest … Continue reading this entry

Here Comes the U.S.-Mexico Trade Agreement

Trade
The North American Free Trade Agreement – NAFTA for short – just took one step closer to no longer existing. As originally reported by the NY Times, the United States and Mexico announced that they had reached agreement on some key provisions that would change from the 24-year-old NAFTA.  Details are scarce, apparently in part … Continue reading this entry

NAFTA Renegotiations Create Uncertainty for Automakers

white house
The promise to renegotiate or else withdraw from NAFTA was one of the central points of the Trump campaign that helped him win states like Michigan, Ohio, and Pennsylvania.  In keeping with his campaign promises, the Trump administration has since proposed to tighten automotive content rules and rules of origin (from 62.5% to 85%) to … Continue reading this entry

NAFTA Under the New Trump Administration

The election of Mr. Trump as the President of the United States has created considerable uncertainty regarding the U.S. investment climate. Chief among these uncertainties is the status of the North American Free Trade Agreement (NAFTA), which President-Elect Trump repeatedly attacked for leading to the loss of U.S. manufacturing jobs. President-Elect Trump has vowed to renegotiate the … Continue reading this entry

Canada To Invest C$250 Million In Automotive Sector

Canadian Prime Minister Stephen Harper announced January 4th that the Canadian Government will extend the Automotive Innovation Fund (AIF) for 5 additional years and inject an additional C$250 million into the auto sector through the AIF.  The AIF supports strategic, large-scale research and development (R&D) projects to build innovative, greener, more fuel-efficient vehicles.  To qualify for funding, projects … Continue reading this entry