standard United States-Mexico-Canada Agreement (Usmca) Potential Impact On Eu Companies

After some difficult last-minute negotiations, the Canada-European Union Comprehensive Economic and Trade Agreement (CETA or the agreement) is now awaiting final implementation. CETA offers significant business opportunities for Canadian and European companies. CETA will provide significant tariff and non-tariff trade advantages over its competitors in countries that are not entitled to CETA benefits. In addition, CETA can also benefit companies from the EU and non-EU countries that invest in Canada and then use Canada as a “gateway” to conduct free trade operations both in North America (using the North American Free Trade Agreement or NAFTA) and in the EU (using CETA). Learn more. After the U.S. Department of Commerce last week announced conifer tariffs on Canadian businesses, speculation about the future of the North American Free Trade Agreement is mounting. Learn more. A major canada-Europe trade agreement could, among other things, provide Canadian companies investing in Europe and vice versa with considerable protection against expropriation. The most important development of the Comprehensive Economic and Trade Agreement (CETA) for miners on both sides of the Atlantic is the inclusion of an investor-state provision that, in practice, guarantees foreign companies a process of recovery of damages in the event of expropriation or cases where the political process grossly discriminates against a foreign company.

Learn more. On Friday, March 13, Canada ratified the Canada-United States of America-United Mexican States (CUSMA) Trade Agreement. In this update, Alan Kenigsberg and Roger Smith discuss the tax impact. Learn more. On June 8, 2017, the Canada Border Services Agency (CBSA) initiated anti-dumping and countervailing investigations into allegations of dumping of certain carbon and alloy steel pipe originating in or exported from the Republic of Korea. This case follows similar cases that Evraz has set up against pipelines from China and Japan. Canadian pipeline companies can expect to pay more for limited pipelines and deliveries if Evraz succeeds in imposing tariffs on Korean pipelines. Learn more. We look at President Trump`s trade enforcement budget, such as Robert Lighthizer`s confirmation as the United States…