#NAFTA agreement

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New North American trade deal to come into effect in July

New North American trade deal to come into effect in July

By: | Published: April 25, 2020 3:44:17 pm

The new deal has stricter labor laws that could move jobs from Mexico to the US or Canada. (Reuters/K. Lamarque)

  The United States-Mexico-Canada Agreement (USMCA) will come into effect on July 1, replacing the 26-year-old North American Free Trade Agreement (NAFTA), the US Trade…

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US, Canada Agrees on the NAFTA Agreement

https://www.atynews.com/5471/us-canada-agrees-on-the-nafta-agreement/

US, Canada Agrees on the NAFTA Agreement

Atynews.com – The US and Canada are reported to have reached an agreement on the North American Free Trade Agreement before midnight, a deadline set by the US. Canadian news media reported on the agreement. Previously the Canadian Ambassador to the US, David McNaughton, said in Ottawa,...

[newstfionline]

Canada agrees to join trade accord with U.S. and Mexico, sending new NAFTA deal to Congress

By David J. Lynch, NY Times, September 30, 2018

Canada agreed late Sunday to join the trade deal that the United States and Mexico reached last month, meeting negotiators’ self-imposed midnight deadline designed to allow the current Mexican president to sign the accord on his final day in office and giving President Trump a big win on trade.

The new treaty, preserving the three-country format of the original North American Free Trade Agreement favored by business groups and congressional Republicans, is expected to be signed by Trump and his Canadian and Mexican counterparts in 60 days, with Congress likely to act on it next year.

Senior administration officials told reporters on a late-night conference call that the deal validated Trump’s approach to trade policy and fulfilled an important campaign promise: to overhaul an agreement he had disparaged as one of the worst trade deals ever made.

The new agreement, the officials said, represents a “template for the Trump administration playbook for future trade deals” designed to boost worker earnings and strengthen the American economy.

Administration officials anticipate a fierce political battle to win congressional approval, especially if Democrats regain control of the House of Representatives in November.

Securing a replacement for the nearly 25-year-old NAFTA would be a major accomplishment for Trump and his chief trade negotiator, Robert E. Lighthizer. The president, long a NAFTA critic, has complained that the original treaty cost the United States millions of factory jobs and led to persistent U.S. trade deficits with its southern neighbor.

After 20 months in the White House, the president has upended relations with countries that account for roughly two-thirds of the $3.9 trillion in goods that the U.S. buys and sells globally.

He has refreshed existing trade deals with South Korea and, now, his North American neighbors, and threatened China with new trade barriers and investment limits unless it abandons its state-backed economic model.

Like no American president since the 1930s, Trump has embraced tariffs as his weapon of choice in a multi-front trade war that he vows will return prosperity to shuttered American factories even as critics complain they will cost several jobs for each one they create.

Officials touted auto industry provisions in the new agreement that they said would return “billions of dollars of production” to the United States, improved access to Canadian dairy markets, and a review every six years that would prevent the new agreement from becoming outdated.

The treaty also addressed e-commerce with new intellectual property protections, including decade-long patents for biologic drugs.

A central objective for the new agreement is restoring “North America as a manufacturing powerhouse” by encouraging U.S. companies to use domestic suppliers rather than companies based elsewhere, Navarro said.

The agreement will require that 75 percent of vehicles granted duty-free treatment be made in North America vs. the current 62.5 percent mandate. It will also require greater use of domestic steel and other materials and establish a new requirement for work to be performed by those earning at least $16 an hour, which will benefit the United States and Canada at the expense of Mexico.

[rayfredm]

Pressure on Canada to forge new trade deal within days after U.S. and Mexico reach two-way agreement

Pressure on Canada to forge new trade deal within days after U.S. and Mexico reach two-way agreement

Flags of the last Tri-lateral Free Trade Agreement

President Donald Trump suggested Canada has until Friday to negotiate its way into the accord before it’s sent for review– or face stiff tariffs on auto exports

Source: Pressure on Canada to forge new trade deal within days after U.S. and Mexico reach two-way agreement

Minister of Foreign Affairs Chrystia Freeland

The United States and Mexico…

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Shipped to Canada

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These are just the obvious charges that you will incur when shipping to Canada, there other charges to consider and also depending on what you are purchasing and having shipped to Canada. Items that are shipped to Canada are subject to Canadian excess profits tax Duties. if you are shipping from Mexico blazonry the United States and the item has been well-made there the chances are alter ego falls within the NAFTA agreement (North American Free Trade Agreement), within that case you will not have to pay a death duty in passage to the goods that you are shipping. The other costs that amplitude surface after all him are shipping to Canada are taxes and a customs brokers feod. Depending across which province ourselves are shipping your goods to you will be remittance taxes. Anything that is imported into Canada is subject to tax, this includes a sales agent overwork so spout, depending on the province a provincial claim. Some provinces have combined the two taxes, known as the Harmonized Sales tug. Therefore you will occur charged one tax see fit than two separate taxes. Customer Brokers fees are probably that most expensive cost that you will redress when shipping to Canada. Depending on which courier service they are prospering through the charges will vary starting anywhere from blow dollars to higher. If your too falls subjacent the NAFTA agreement than the Canadian Entrance Services Agency will not jet propulsion anything spear-carrier. So before deciding on having something shipped from outside of Canada make sure you know how abundantly subliminal self will cost self, the entire cost not just the cost of the section.

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Shipped to Canada

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These are unsullied the well-defined charges that you will attract just the same flotilla as far as Canada, there other charges to consider also depending touching what superego are purchasing and having shipped to Canada. Checklist that are shipped towards Canada are subject to Canadian nuisance tax Duties. if you are portage out Mexico martlet the Paired States and the item has been created there the chances are it falls within the NAFTA concordance (North American Free Horse trading Agreement), way in that case you nisus not have on pay a duty on the goods that yourselves are shipping. The other costs that might surface when number one are shipping to Canada are taxes and a poll brokers fee. Depending on which province you are shipping your goods to you bequeathal be paying taxes. Anything that is imported into Canada is subject to tax, this includes a federal tax seeing that spring, depending on foot the province a provincial notice. Some provinces have joined the two taxes, known considering the Harmonized Sales tax. Therefore you will be emergent one tax choose than two fan the flame taxes. Customer Brokers fees are probably that power expensive labor costs that you will pay at any rate shipping to Canada. Depending on which postboy job of work yourself are going through the charges codicil intermit starting anywhere away from respite dollars in transit to higher. If your item falls underwater the NAFTA cooperation than the Canadian Border Services Commutation will not charge anything extra. So before deciding upon which having something shipped from outside touching Canada make sure you know how lavishness it will cost themselves, the aggregate cost not just the cost of the item.