Visual Artist

United States-Mexico-Canada Agreement Congress

Trade policy is a topic that doesn`t necessarily come to mind when you think of the FDA. But in fact, there are two reasons why the FDA closely follows trade policy: to protect our rules and authorities and to use trade agreements as a vehicle to promote public health. The agreement is referred to differently by each signatory – in the United States, it is called the Agreement between the United States, Mexico and Canada (USMCA). [1] [23] In Canada, it is officially known as the Canada-United States-Mexico Agreement (CUSMA) in English[24] and the Canada-United States-Mexico Agreement (CUSMA) in French; [25] and in Mexico, tratado entre México, Estados Unidos y Canadá (T-MEC) is called. [26] [27] The agreement is sometimes referred to as “New NAFTA”[28][29], in line with the previous trilateral agreement intended to replace it, the North American Free Trade Agreement (NAFTA). A new addition to the USMCA is the inclusion of Chapter 33, which covers macroeconomic policies and exchange rate issues. This is considered important, as it could set a precedent for future trade agreements. [54] Chapter 33 sets out monetary and macroeconomic transparency requirements that, if violated, would create a remedy under Chapter 20. [54] The United States, Canada and Mexico currently meet all of these transparency requirements, in addition to the substantive political requirements that are consistent with the articles of the International Monetary Fund Convention.

[55] National procedures for ratifying the agreement in the United States are governed by the legislation of the Trade Promotion Authority, also known as the Fast Track Authority. The negotiations “mainly focused on car exports, tariffs on steel and aluminum, as well as the milk, egg and poultry markets.” One provision “prevents any party from legislating that restricts the cross-border flow of data.” [11] Compared to NAFTA, the USMCA raises environmental and labor standards and encourages increased domestic production of cars and trucks. [12] The agreement also provides updated intellectual property protection, gives the United States increased access to the Canadian milk market, imposes a quota for Canadian and Mexican auto production, and increases duty-free treatment for Canadians who purchase IN FROM THE UNITED STATES. Online goods from US$20 to US$150. [13] The full list of differences between the USMCA and NAFTA can be found on the USTR (United States Trade Representative) website. [14] On June 19, 26, 2019, the Mexican Senate ratified the agreement (114 yes, 3 against, 3 abstentions). [88] Mexico`s ratification procedure will be completed when the President announces ratification in the Federal Register. In order to increase cross-border trade, the United States has entered into an agreement with Mexico and Canada to increase their de minimis shipping value. For the first time in decades, Canada will increase from C$20 ($15.38) to C$40 ($30.77) for taxes.

Canada also provides duty-free shipments of up to C$150 ($115.38). Mexico will continue to provide $50 tax-free de minimis and will also offer duty-free shipments worth $117. . . .