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Mar 31, 2016 · In acknowledgement of the importance of this close relationship, many U.S. universities offer discounts to Canadian students. Typically these discounts are given based on competitive scholarships, a grade average minimum, and/or in accordance with an agreement from your home province.
Date modified: 2021-02-04. October 4th marks an important date in Canada-U.S. trade relations. In 1987, both countries agreed to the Canada-United States Free Trade Agreement (CUSFTA). Negotiations toward a free trade agreement with the U.S. began in 1986.
The North American Free Trade Agreement (NAFTA) is a regional agreement between the Government of Canada, the Government of the United Mexican States and the Government of the United States of America to implement a free trade area.
The U.S. – Mexico – Canada Agreement (USMCA) is a trade agreement between the three named countries. When implemented, it will replace the North American Free Trade Agreement (NAFTA).
- Key Terms
- Negotiation
- Provisions
- Automotive
- Agriculture and Dairy
- Environment
- Labour
- Data and Privacy
- Intellectual Property
- Culture
Subsidy— Money that governments give to companies or organizations to help them keep the prices of their goods competitive, avoid laying off workers or provide a service that is in the public interest. Tariff— A tax on imported goods and services, aimed at making these products more expensive.
In 2016, while campaigning for the US presidency, Donald Trump described NAFTA as “the worst trade deal ever made.” He promised to scrap it unless Canada and Mexico agreed to changes favouring the United States. Both countries depended heavily on the US market for exportsof goods and services. Therefore, they felt they had to negotiate. But they, t...
CUSMA retained much of the original NAFTA and modernized other parts of the agreement. CUSMA also added new provisions, largely to meet new US demands. For the first time, it includes chapters on labour, the environment, small and medium-size businesses, and digital trade. The new agreement brings about three key changes. First, it tightens access ...
One of the most important changes for Canada came from new rules of origin for automobilesand parts. These rules increased the percentage of North American content that vehicles must contain to avoid duties at the border. The goal was to discourage vehicle and parts production in low-cost environments, including Mexico, and attract more automotive ...
The critical issue for Canada was the future of its supply management system for dairy, eggs and poultry. The elimination of this system was a key US target. Canada was forced to make concessions in CUSMA to maintain supply management. Under CUSMA, American dairy, egg and poultry producers will gain further market access in Canada. This access will...
In an advance from NAFTA, CUSMA contains a specific chapter on the environment. The chapter contains a commitment from each country to end subsidies that encourage overfishing. It largely leaves each country free, however, to make its own environmental laws and standards. This means that a member country can even lower its environmental standards u...
The new chapter on labour in CUSMA mainly aims to bring Mexico’s labour standards closer to those of Canada and the United States. It focuses on the right to organize labour unions and engage in collective bargaining.
A new chapter on digital trade contains policies affecting data ownership, privacy and localization laws. (Localization laws require certain types of data to be stored on computers located in Canada.) The digital trade chapter helps entrench the role of US platform companies (e.g., Google and Facebook) in Canada. It also limits Canada’s future abil...
New rules on intellectual property extend copyrightprotection on works such as books, music and films. Where copyright previously covered the life of the creator plus 50 years, it now spans life plus 70 years. The new rules also require stronger action against shipments of counterfeit goods at the border. Moreover, they require member countries to ...
CUSMA continues the NAFTA exemptions for Canadian cultural industries. Cultural industries include publishers of printed or recorded media as well as broadcasters. The exemptions allow for measures like Canadian content rules, subsidies and taxesto support Canadian cultural industries. However, CUSMA allows the United States or Mexico to retaliate ...
United States-Mexico-Canada Agreement. The United States-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020. The USMCA, which substituted the North America Free Trade Agreement (NAFTA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses.
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Jun 30, 2020 · The U.S. – Mexico – Canada Agreement (USMCA) is a trade agreement between the named parties that entered into force on July 1, 2020. To help coordinate the implementation of the USMCA, and provide comprehensive guidance to stakeholders, CBP stood up the USMCA Center in March 2020.
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