Trade blocs

Former US trade negotiator gives evidence on possible FTA

Retrieved on: 
Thursday, July 16, 2020
Free trade agreement, Trade blocs, International trade, Economy of North America, International relations, International business, United States–Korea Free Trade Agreement

The International Agreements Sub-Committee continues taking evidence on the UK–US trade negotiations. This session focuses on US prioritises for a possible free trade agreement.

Key Points: 

The International Agreements Sub-Committee continues taking evidence on the UK–US trade negotiations. This session focuses on US prioritises for a possible free trade agreement.
Marjorie Chorlins, former US trade negotiator and Senior Vice President of European Affairs at the US Chamber of Commerce.

Former US trade negotiator gives evidence on possible FTA

Retrieved on: 
Thursday, July 16, 2020
Free trade agreement, Trade blocs, International trade, Economy of North America, International relations, International business, United States–Korea Free Trade Agreement

The International Agreements Sub-Committee continues taking evidence on the UK–US trade negotiations. This session focuses on US prioritises for a possible free trade agreement.

Key Points: 

The International Agreements Sub-Committee continues taking evidence on the UK–US trade negotiations. This session focuses on US prioritises for a possible free trade agreement.
Marjorie Chorlins, former US trade negotiator and Senior Vice President of European Affairs at the US Chamber of Commerce.

ISPE Announces Formation of New Eurasian Economic Union Affiliate

Retrieved on: 
Monday, July 13, 2020
International relations, Trade blocs, ISPE, Eurasia, United Nations General Assembly, Countries

NORTH BETHESDA, Md., July 13, 2020 /PRNewswire-PRWeb/ --The International Society for Pharmaceutical Engineering (ISPE) announced today the formation of the new Eurasian Economic Union (Eurasia) Affiliate .

Key Points: 
  • NORTH BETHESDA, Md., July 13, 2020 /PRNewswire-PRWeb/ --The International Society for Pharmaceutical Engineering (ISPE) announced today the formation of the new Eurasian Economic Union (Eurasia) Affiliate .
  • The Affiliate will provide a local forum through which professionals in Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan can contribute to the advancement of the pharmaceutical manufacturing industry.
  • "We are proud to welcome the Eurasia Affiliate and grow our base of Affiliates and Chapters, which is the backbone of ISPE," said Tom Hartman, CEO and President, ISPE.
  • This has been recently demonstrated with several ISPE Affiliates and Chapters initiating efforts within their local communities to respond to COVID-19.

CAGW Statement on Implementation of the USMCA

Retrieved on: 
Wednesday, July 1, 2020
Other Energy, Energy, White House, Federal Government, Agriculture, Natural Resources, Public policy, Other Manufacturing, Other Policy Issues, Other Government, Labor, Congressional News, Views, Public policy, Government, Manufacturing, International trade, Trade blocs, Canada–United States trade relations, Economy of North America, Free trade areas, International relations, United States–Mexico–Canada Agreement, Economy, Citizens Against Government Waste, Free trade agreements of Canada, Thomas Schatz

Today marks the effective date of the U.S. Mexico Canada free trade agreement (USMCA).

Key Points: 
  • Today marks the effective date of the U.S. Mexico Canada free trade agreement (USMCA).
  • The USMCA is the strongest trade deal ever among the three countries and has the potential to boost the U.S. economy by $68.2 billion and create 176,000 new jobs.
  • The following statement may be attributed to CAGW President Tom Schatz:
    As the USMCA rolls out, the economies of all three trading partners will be improved by modernizing trade practices among the U.S., Canada and Mexico.
  • Citizens Against Government Waste is the nation's largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.

USW Says Much Work Remains to Ensure Effectiveness of USMCA

Retrieved on: 
Wednesday, July 1, 2020
Economy, International trade, World economy, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, United States–Mexico–Canada Agreement, North American Free Trade Agreement, Offshoring

"The labor movement, led by thousands of USW members, pushed hard to ensure that the USMCA was a significant improvement over NAFTA, which cost the United States tens of thousands of good manufacturing jobs.

Key Points: 
  • "The labor movement, led by thousands of USW members, pushed hard to ensure that the USMCA was a significant improvement over NAFTA, which cost the United States tens of thousands of good manufacturing jobs.
  • Thanks to the hard work of Democrats in Congress, the new agreement contains stronger language to protect good jobs from offshoring and to ensure workers' rights, particularly in Mexico.
  • "We also can't ignore that today's implementation of the USMCA comes at a perilous time for all workers.
  • It sets minimum standards, and we must continue to fight each day to ensure those standards are enforced.

Hoffa: USMCA Will Ensure Safer Roadways, Increased Labor Rights For Workers

Retrieved on: 
Wednesday, July 1, 2020
International trade, Economy, International relations, Migrant workers, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, Strike action, International Brotherhood of Teamsters, Labor rights, North American Free Trade Agreement

The deal was possible due to the hard work of the Teamsters, a bipartisan collection of policymakers and allies who joined together and worked for years to get it done.

Key Points: 
  • The deal was possible due to the hard work of the Teamsters, a bipartisan collection of policymakers and allies who joined together and worked for years to get it done.
  • The North American Free Trade Agreement (NAFTA) had made roadways less safe due to allowing older, Mexican-domiciled trucks on them.
  • That came with new enforcement mechanisms that will protect worker rights in Mexico, especially the right to form independent unions.
  • The new labor chapter also includes the right to strike as an expression of the freedom of association and contains protections against workplace violence and for migrant workers.

FedEx Welcomes the U.S.-Mexico-Canada Agreement

Retrieved on: 
Wednesday, July 1, 2020
Other Transport, Trucking, Logistics, Supply chain management, Air, Transport, International trade, Canada–United States trade relations, Economy of North America, Free trade areas, Trade blocs, International relations, International business, United States–Mexico–Canada Agreement, Cusma, FedEx, North American Free Trade Agreement, FDX

FedEx Corp. (NYSE: FDX) today recognizes the entry into force of the U.S.-Mexico-Canada Agreement (USMCA/T-MEC/CUSMA).

Key Points: 
  • FedEx Corp. (NYSE: FDX) today recognizes the entry into force of the U.S.-Mexico-Canada Agreement (USMCA/T-MEC/CUSMA).
  • View the full release here: https://www.businesswire.com/news/home/20200701005331/en/
    FedEx Welcomes the U.S.-Mexico-Canada Agreement (Photo: Business Wire)
    At FedEx, trade is our business, and expanding global trade is essential to our customers, our workers and our company.
  • USMCA replaces the twenty-six-year-old North American Free Trade Agreement (NAFTA), helping to streamline trade across the North American market, which is of critical importance to FedEx and our customers.
  • The agreement is recognized in Mexico as the Tratado entre Mexico, Estados Unidos y Canada (T-MEC) and in Canada as the Canada-United States-Mexico Agreement (CUSMA).

ATA Hails USMCA Implementation

Retrieved on: 
Wednesday, July 1, 2020
International trade, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, International relations, International business, United States–Mexico–Canada Agreement, North American Free Trade Agreement

"This is a tremendous day," said ATA President and CEO Chris Spear, "thanks to the efforts of many people in our three nations, USMCA is officially taking effect.

Key Points: 
  • "This is a tremendous day," said ATA President and CEO Chris Spear, "thanks to the efforts of many people in our three nations, USMCA is officially taking effect.
  • Ratified in January, the USMCA is projected to increase annual U.S. exports to Canada and Mexico by a combined $33 billion above the current NAFTA baseline.
  • I expect that growth related to USMCA will provide a real boost for trucking in the coming years."
  • "USMCA is an important updated to an old NAFTA agreement.

North American Steel Industry Celebrates the Entry Into Force of the USMCA

Retrieved on: 
Wednesday, July 1, 2020
International trade, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, International relations, International business, United States–Mexico–Canada Agreement, North American Free Trade Agreement, Nafta

OTTAWA, July 01, 2020 (GLOBE NEWSWIRE) -- Today, the North American steel industry celebrates the entry into force of the United States-Mexico-Canada Agreement (USMCA), a critical milestone for the North American steel sector, its workers, and its supply chains.

Key Points: 
  • OTTAWA, July 01, 2020 (GLOBE NEWSWIRE) -- Today, the North American steel industry celebrates the entry into force of the United States-Mexico-Canada Agreement (USMCA), a critical milestone for the North American steel sector, its workers, and its supply chains.
  • The USMCA will strengthen the competitiveness of all three trading partners while enhancing the development of North Americas globally competitive advanced manufacturing sector, particularly for North American steel producers.
  • The USMCA benefits North American steelmakers and the entire sector by further strengthening our existing integrated supply chains in the region and by improving on the terms of the original North American Free Trade Agreement (NAFTA).
  • The collective North American steel sector stands ready to work with our Governments and supply chains to ensure the success of the USMCA and is willing and able to supply North American steel to our customers to meet their needs.

STATEMENT ON USMCA ENTRY INTO FORCE

Retrieved on: 
Wednesday, July 1, 2020
International trade, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, United States–Mexico–Canada Agreement, International relations, International business, Automotive industry in the United States

Washington, D.C., July 01, 2020 (GLOBE NEWSWIRE) -- Here For America is committed to the success and growth of the U.S. auto industry.

Key Points: 
  • Washington, D.C., July 01, 2020 (GLOBE NEWSWIRE) -- Here For America is committed to the success and growth of the U.S. auto industry.
  • An integrated North American automotive market has been key to the expansion of international automakers operations in the United States, who together build nearly half of all cars and trucks produced here and support over 2.4 million American jobs.
  • Todays entry into force of the U.S.-Mexico-Canada Agreement (USMCA) starts the next chapter in this important trilateral trading relationship and we will continue to work with all stakeholders as our members navigate the compliance complexities of this new agreement."
  • Learn more at www.hereforamerica.com.