Free trade areas

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.

Statement by the Deputy Prime Minister on the entry-into-force of the new NAFTA

Retrieved on: 
Tuesday, June 30, 2020
International trade, World, International relations, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, North American Free Trade Agreement, Tariff, Canada, Supply management

"The new NAFTA protects jobs and prosperity for workers in all three NAFTA countries.

Key Points: 
  • "The new NAFTA protects jobs and prosperity for workers in all three NAFTA countries.
  • "To Canadians from across the country and all sectors of the economy and society who provided valuable input in the negotiations: thank you.
  • safeguards more than $2-billion a day in cross-border trade and tariff-free access for 99.9 per cent of Canada's U.S.-bound exports.
  • Thisprovides additional security for Canada's resource producers and workers that decisions on the future of their sector will be made by Canadians.

IBC Bank Executives Laud Implementation of USMCA

Retrieved on: 
Tuesday, June 30, 2020
Other Professional Services, Finance, Banking, Professional services, Supply chain management, Logistics, Supply chain management, Transport, Retail, International trade, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, Presidency of the United States, United States–Mexico–Canada Agreement, International relations, Schwebel, Richard Nixon, International Bank of Commerce

Nixon and IBC Bank Corporate International Division head and Executive Vice President Gerry Schwebel received personal invitations from the White House to attend the signing ceremony of USMCA.

Key Points: 
  • Nixon and IBC Bank Corporate International Division head and Executive Vice President Gerry Schwebel received personal invitations from the White House to attend the signing ceremony of USMCA.
  • USMCA offers a solution for diversifying our supply chains and bringing more of them closer to home, explained Schwebel.
  • The implementation of USMCA provides a unique opportunity for us to do so.
  • He frequently represents IBC Bank and its customers with top government and business leaders in the United States, Mexico and Canada.

NAFTA Panel Affirms ITC Remand Decision -- Unfairly Traded Canadian Softwood Imports Harm U.S. Producers and Workers

Retrieved on: 
Friday, May 22, 2020
International trade, International relations, Canada–United States trade relations, Economy, Economy of North America, Free trade agreements of Canada, Free trade areas, Trade blocs, North American Free Trade Agreement, United States International Trade Commission, Nafta, Free trade agreement

WASHINGTON, May 22, 2020 /PRNewswire/ -- Today, the U.S. Lumber Coalition issued the following statement regarding the decision issued by a North American Free Trade Agreement (NAFTA) panel affirming the U.S. International Trade Commission's (ITC) findings.

Key Points: 
  • WASHINGTON, May 22, 2020 /PRNewswire/ -- Today, the U.S. Lumber Coalition issued the following statement regarding the decision issued by a North American Free Trade Agreement (NAFTA) panel affirming the U.S. International Trade Commission's (ITC) findings.
  • "The U.S. Lumber Coalition is very pleased with the decision of the NAFTA panel completely affirming the ITC softwood lumber injury remand determination, in which the ITC once again found that unfairly traded Canadian softwood imports harm U.S. producers and workers," said Zoltan van Heyningen, Executive Director of the U.S. Lumber Coalition.
  • The ITC addressed all of the issues identified by the NAFTA panel and again unanimously found that the U.S. industry was materially injured in a 5-0 remand determination issued December 2019.
  • The NAFTA panel has now affirmed the ITC's remand determination.

ASEAN Super 8 Rescheduled to 20 - 22 Oct 2020 while ICW Moves to 2021

Retrieved on: 
Monday, April 13, 2020
Southeast Asia, Geography of Asia, Continents, Asia, Organizations associated with the Association of Southeast Asian Nations, Association of Southeast Asian Nations, Free trade areas, ASEAN Summit

Meanwhile, International Construction Week (ICW) hosted by Construction Industry Development Board (CIDB), which has been held simultaneously with ASEAN Super 8 since last year, will be moved to 2021.

Key Points: 
  • Meanwhile, International Construction Week (ICW) hosted by Construction Industry Development Board (CIDB), which has been held simultaneously with ASEAN Super 8 since last year, will be moved to 2021.
  • ASEAN Super 8 will feature Southeast-Asia's leading built environment exhibitions namely ASEAN M&E, TENAGA Expo, ASEAN Lift, ASEAN Solar, ASEAN Light, Futurebuild SEA, Heavy Mach and IFSEC Southeast Asia.
  • Despite that, he said CIDB supports the decision by Informa Markets to reschedule ASEAN Super 8 to 20 - 22 October 2020.
  • ASEAN Super 8 continues its work to ensure that the rescheduled 2020 edition of ASEAN Super 8 from 20-22 October will be another success for all exhibitors and trade visitors.

Statement by the Deputy Prime Minister on Canada's ratification of the new NAFTA

Retrieved on: 
Friday, April 3, 2020
International trade, International relations, Trade blocs, Canada–United States trade relations, Economy of North America, Free trade agreements of Canada, Free trade areas, International business, North American Free Trade Agreement, Chrystia Freeland, Nafta, United States–Mexico–Canada Agreement

OTTAWA, April 3, 2020 /CNW/ - The Deputy Prime Minister, Chrystia Freeland, today issued the following statement on Canada's ratification of the new NAFTA:

Key Points: 
  • OTTAWA, April 3, 2020 /CNW/ - The Deputy Prime Minister, Chrystia Freeland, today issued the following statement on Canada's ratification of the new NAFTA:
    "Canada has now notified the United States and Mexico that we have completed our domestic ratification process of the new NAFTA.
  • "The Canadian government will continue to work with the United States and Mexican governments to determine an 'entry into force' date that is mutually beneficial.
  • We want to ensure the new NAFTA will support a strong economic recovery once we have put the COVID-19 pandemic behind us which we will.
  • "The new NAFTA is good for Canadians, in every region and in every sector of our economy.