USMCA

CBP Proposes Streamlining Origin Rules for Imports from Canada and Mexico

by George W. Thompson
September 17, 2021May 9, 2022

I learned a new word recently: “goat-rope.” The safe-for-work definition is a big, confusing mess. While it can be used to describe many different situations, I thought it was a perfect description for the ways in which the United States makes origin determinations for products imported from Canada and Mexico. Fortunately, help to make thingsRead More »

̶F̶̶u̶̶n̶ Facts About the USMCA

by GTC
June 17, 2020May 11, 2022

You may already know that NAFTA is on it’s way out and will be replaced by USMCA. We have had some sessions and conversations over the past few weeks and would like to share a few Fun (or not so Fun) Facts that we have complied based on questions from our clients or those lookingRead More »

The USMCA: Something New or #JustAnotherNAFTA

by GTC
December 30, 2019June 21, 2022

The North American Free Trade Agreement (NAFTA) finally got a major overhaul, something campaigned on by President Trump and negotiated in Congress for the past three years. There are a number of significant changes about which American businesses need to be aware. Below we'll discuss 5 key differences between USMCA and NAFTA. When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growthRead More »

Is Your Company Capitalizing on Free Trade Agreements (FTAs)?

by Lalo Solorzano
November 29, 2019June 21, 2022

The primary purpose of free trade agreements (FTAs) is to lower or remove tariff barriers that hamper the active trade of goods and services between countries and to protect intellectual property rights. The U.S. alone has more than 12 FTAs, and there are more than 400 regional trade agreements worldwide; even so, it appears that many companies fail to leverage this opportunity to open up foreign markets to their products. Based onRead More »

Mexico becomes first country to pass USMCA

by GTC Repost
June 20, 2019June 21, 2022

Mexico’s Senate on Wednesdaypassed the USMCA, making it the first country to ratify the new North American trade pact. "USMCA passes! Mexico goes first with clear signal that our economy is open," Jesús Seade, Mexico's undersecretary for foreign affairs, wrote on Twitter. "We're confident that our partners will soon do the same," Seade added. Passage in MexicoRead More »