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Tag Archives Nafta

General, Machinery, Markets, Reuters

CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

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Reading Time: 3 minutes Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum […] Read more
Crops, Markets

New declaration requirements coming up for grain deliveries

Regulatory changes also allow Canadian grades for U.S.-grown grain

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Reading Time: 3 minutes Changes are afoot as early as next week for growers from all across Canada — and from the United States — who deliver grain to licensed Canadian buyers, as revised trade rules take effect between the two countries. With the Canada-United States-Mexico Agreement (CUSMA), the successor trade deal to NAFTA, taking effect, new regulations addressing […] Read more
General, Markets, Reuters

CUSMA pact to take effect July 1, USTR says

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Reading Time: < 1 minute Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada […] Read more
General, Markets, Reuters

Parliament hustles through CUSMA ratification

Implementing bill passes before Commons adjourns until April 20

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Reading Time: 2 minutes Ottawa | Reuters — Canada’s Parliament rushed through ratification of the new Canada-U.S.-Mexico (CUSMA) trade pact on Friday before taking a three-week break to help stop the spread of the coronavirus, a top government official said. Canada was the last of the three signatories to formally adopt the pact, prompting congratulations from the United States […] Read more
General, Markets, Reuters

Trump signs CUSMA pact

Canada's ratification still to come

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Reading Time: 3 minutes Washington | Reuters — President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests — but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power […] Read more
General, Markets, Reuters

U.S. Senate passes CUSMA trade deal

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Reading Time: < 1 minute Washington | Reuters — The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the […] Read more
Beef Cattle, Hogs, Livestock

Amended CUSMA pact includes anti-COOL clause

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Reading Time: 2 minutes The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North […] Read more
General, Markets, Reuters

U.S. House passes CUSMA

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Reading Time: < 1 minute Washington | Reuters — The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after […] Read more
General, Markets, Reuters

Opposition MPs could delay CUSMA deal’s ratification

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Reading Time: 2 minutes Ottawa | Reuters — Canada’s two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty. Such a move would embarrass Prime Minister Justin Trudeau, who has vowed that Parliament will quickly approve the U.S.-Mexico-Canada Agreement (CUSMA). […] Read more

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