This week saw Canada, Mexico and the United States present their respective positions and legal arguments, often in sharply worded exchanges, about how the Auto Core Parts rules of origin under the U.S.-Mexico-Canada...more
At over $30 billion USD in transactions a year, the United States-Mexico remittance corridor is one of the largest in the world. The rapid development of cryptocurrencies has enabled cross-border transactions at just a...more
5/31/2020
/ Blockchain ,
Canada ,
Cross-Border Transactions ,
Cryptocurrency ,
FinCEN ,
FinTech ,
International Remittance Transfers ,
Mexico ,
Popular ,
Sandbox ,
Securities Exchange Act ,
United States-Mexico-Canada Agreement (USMCA)
On January 16, 2020, the United States Senate voted by an overwhelming majority to pass the implementing legislation for the United States-Mexico-Canada Trade Agreement (USMCA) after months of tense negotiations with...more
1/20/2020
/ Automotive Industry ,
Canada ,
Digital Services ,
Environmental Policies ,
Financial Services Industry ,
Forced Labor ,
Free Trade Agreements ,
Intellectual Property Protection ,
Mexico ,
NAFTA ,
Sunset Provisions ,
Trade Relations ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
A tripartite agreement to save the North American Free Trade Agreement (NAFTA) has just been reached. Since June 2017, the United States, Canada, and Mexico have been renegotiating NAFTA. After over a year of negotiations,...more
10/3/2018
/ Canada ,
Cross-Border Transactions ,
Exports ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Mexico ,
NAFTA ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
A tripartite agreement to save NAFTA has been reached. The agreement, reached late last night, provides Congress the necessary 60 days’ notice of the text to approve so that President Pena Nieto of Mexico can sign before he...more
10/2/2018
/ Agricultural Sector ,
Automotive Industry ,
Biologics ,
Canada ,
Cross-Border Transactions ,
Exports ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Intellectual Property Protection ,
Investor State Dispute Settlement (ISDS) ,
Mexico ,
NAFTA ,
Sunset Provisions ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
United States-Mexico-Canada Agreement (USMCA)
The 25% steel and 10% aluminum tariffs announced today, and effective 15 days from now, raise a new cloud over the NAFTA negotiations. Although they temporarily exempt Canada and Mexico, the Administration has made it clear...more
3/9/2018
/ Automotive Industry ,
Canada ,
Cross-Border Transactions ,
Imports ,
Manufacturers ,
Mexico ,
NAFTA ,
Steel Industry ,
Tariffs ,
Trade Agreements ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
US Trade Policies
USTR Lighthizer last week delivered the Administration’s official 90-day notice to Congress that it will renegotiate NAFTA.
The notice says that the process will be carried out “consistent with Congressional priorities...more
The US is generally pretty keen on international free trade agreements. And why shouldn’t it be? After all, free trade agreements have the ability to open up foreign markets to US goods and services, allowing new and...more