Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
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How Trump Split Mexico and Canada in NAFTA Talks

NAFTA
MEXICO CITY (Reuters) - A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade deal? Lopez Obrador responded he would be “open to the possibility” in the absence of a trilateral agreement that also included Canada, said Hector Vasconcelos, a foreign policy advisor to Lopez Obrador’s campaign...
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U.S., Mexico reach NAFTA deal, turn up pressure on Canada

U.S., Mexico reach NAFTA deal, turn up pressure on Canada
  WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.  Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by...
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Center for Automotive Research

Trade Briefing: Consumer Impact of Potential U.S. Section 232 Tariffs & Quotas on Imported Automobiles & Automotive Parts

CAR
The U.S. Department of Commerce is currently investigating whether U.S. automobiles and automotive parts constitute a national security threat under Section 232 of the Trade Expansion Act of 1962, as amended. The Center for Automotive Research (CAR) estimates that consumers will see the price of all new vehicles rise by $455 to $6,875 depending on the level of tariff or quota, where the vehicle was assembled, and whether the policy provides exemptions for automotive trade...
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GTC Repost

Site Selection/Ports Update: Rising Economic Tide Boosts North American Ports

ports
By Derik Andreoli, Director of Economic Analysis and Forecasting, Mercator International The logistics landscape is ever-evolving as shippers adopt new supply chain strategies and adapt to diverse and variable market pressures.  Ports , too, are adapting to succeed in today’s changing market and rise to the challenges associated with the rapid upsizing of container ships (see sidebar). And in this global and expanding e-commerce world, the choice of where shippers locate  distribution center (DC)  operations...
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As NAFTA Talks Continue, Your Hamburger Hangs In The Balance

NAFTA HAMBURGER
The Washington Post | By  Caitlin Dewey   Few meals are more American than a burger and fries, the combo McDonald’s made globally famous. But few Americans probably realize how much the affordability of that classic meal depends on a free-trade agreement. French fries from Canada. Tomatoes from Mexico. Beef sourced from a supply chain that crosses all three countries. When it comes to dinner, there's plenty at stake in the North American Free Trade Agreement,...
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Lisa M. Richman

Update on the NAFTA Renegotiations: What You Need to Know

N1801-A3W
The cancellation of US involvement in the TPP, and its potential withdrawal from NAFTA have sparked considerable anxiety over the loss of protections and opportunities both investment treaties afford. But there are alternatives. The Trump Administration has proposed substantial changes to the terms of the North American Free Trade Agreement (NAFTA), a multilateral trade and investment agreement between the United States, Canada and Mexico. During five rounds of negotiations, the representatives of the parties to...
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GTC Repost

Managing Global Trade: A Look Beyond the Surface

N1801-A5W
In association with KMPG LLC, Thomson Reuters. During the recent years, global trade regulations went from a sleepy niche to a major driver of mainstream news.  In 2016, one major world power withdrew from a historic trade pact and another ditched the European Union.  Figures in many countries used protectionist rhetoric to obtain power.  The possibility of sanctions, “trade wars” and other deployments of soft power increasingly replaced calls for military might. Get The 2017...
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KPMG

NAFTA Insights

Wnorthamerica
Since the last NAFTA Insights, there have been comments via social media about the potential for US withdrawal from the Agreement and scrutiny of dispute resolution mechanisms, labor standards and local content rules. With Eurasia Group providing the latest developments from Round 2 of the NAFTA renegotiations, this edition considers whether the US President can withdraw from NAFTA – and the ‘all bets are off’ scenario that you should build into your business planning. On...
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Taneli Ruda

3 Reasons Why the Auto Industry Should Utilize Free Trade Agreements

wAutoInds
There’s been a lot of news and speculation lately around Free Trade Agreements (FTAs) as the new U.S. administration  works to review and renegotiate  its agreements with countries around the world and Britain figures out the  Brexit implications for its own trade deals . While government and corporate leaders engage in a public discourse about the particulars for various agreements, it’s clear that trade deals are a big deal. But that message isn’t reaching everyone...
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Daniel D. Ujczo | Bruce C. Thelen | Brenda C. Swick

NAFTA: USTR Summary of Objectives

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In case you missed it; here is a summary of the NAFTA modernization process: The North American Free Trade Agreement (NAFTA) modernization process advanced on July 17, 2017 with the release by the Office of the United States Trade Representative (USTR) of the NAFTA negotiating objectives  summary.  Specifically, Section 150(a)(1)(D) of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015 or “fast track”) requires that USTR at least 30 days prior to the...
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John Goodrich

NAFTA Solicitation: The Annual Disaster of the Forms

If you export goods under the NAFTA, how do you know they qualify for the program? As a NAFTA exporter your company has an obligation to determine if the goods it is exporting meet the NAFTA rules of origination. If your company did not manufacture the goods, it is necessary to identify the producer of those goods and to obtain a NAFTA certificate of origin or an equivalent manufacturer’s affidavit from them showing that the...
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