Mexico, Canada and the United States sign the “T-MEC” (and the CUSMA and the USMCA)

On 30th November 2018, Mexico, Canada and the United States signed the updated free trade agreement that will replace the North American Free Trade Agreement (the “NAFTA”, which is specifically referred to in the text of the new agreement as the “NAFTA 1994”).

Unlike the NAFTA, the new agreement does not appear to have a uniform name throughout North America. Rather, it currently has a different title in each of the three member countries. In Mexico, it is called the “T-MEC” (Tratado entre México, Estados Unidos y Canadá); in Canada, its name is the “CUSMA” (Canada, United States and Mexico Agreement); and the United States refers to it as the “USMCA” (United States, Mexico and Canada Agreement). Many will agree that “T-MEC” shines brightly among the choices for referencing this new agreement.

The three parties will now move forward with their respective domestic procedures to implement and ratify the T-MEC.

Tereposky & DeRose LLP regularly provides advice on the interpretation, implementation, and application of the provisions of international trade agreements, including the CPTPP, the CETA, the NAFTA, and the forthcoming T-MEC/CUSMA/USMCA.  Should you have any questions regarding potential opportunities under these trade agreements or any other trade related issues, we are at your disposal.

Greg Tereposky
613.237.1210
gtereposky@tradeisds.com

Jennifer Radford
613.237.9777
jradford@tradeisds.com

Vincent DeRose
613.237.8862
vderose@tradeisds.com

Daniel Hohnstein
613.237.9005
dhohnstein@tradeisds.com

Canada Publishes New Regulations and Regulatory Amendments to Implement the CPTPP

On November 14th, the Government of Canada published in the Canada Gazette, Part II (Volume 152, number 23) a number of new regulations and regulatory amendments necessary to implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

The CPTPP is expected to enter into force on 30th December for the six countries that have completed the formal ratification process, i.e., Australia, Canada, Japan, Mexico, New Zealand, and Singapore.

The regulatory changes, which have been published as final, include the following instruments:

The Government of Canada decided not to pre-publish these implementing regulations in the Canada Gazette, Part I for a period of public review and comment. In comparison, the equivalent regulatory changes necessary to implement the Canada-EU Comprehensive Economic and Trade Agreement (CETA) were pre-published for a public review period of 15 days (see e.g., Canada Gazette, Part I, Vol. 151, No. 28 (15 July 2017). Various reasons for the decision to forego the pre-publication and public review process are provided in the explanatory notes of the above-referenced instruments.

Tereposky & DeRose LLP regularly provides advice on the interpretation, implementation, and application of the provisions of international trade agreements, including the CPTPP, the CETA, the NAFTA, and the forthcoming USMCA.  Should you have any questions regarding potential opportunities under these trade agreements or any other trade related issues, we are at your disposal.

Daniel Hohnstein
613.237.9005
dhohnstein@tradeisds.com

Greg Tereposky
613.237.1210
gtereposky@tradeisds.com

Jennifer Radford
613.237.9777
jradford@tradeisds.com

Vincent DeRose
613.237.8862
vderose@tradeisds.com