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Canada-EU FTAs Will Apply to UK Through Brexit Transition Period
February 4, 2020 |Americas

All Canada-European Union agreements will continue to apply to the United Kingdom through the Brexit transition period, Global Affairs Canada said in a news release. “This includes the Canada-EU Comprehensive Economic and Trade Agreement (CETA) -- which means that trade between Canada and the U.K. will continue to benefit from duty-free access on 98% of products, and businesses should see no change in how they trade with the U.K. during this transition period,” it said. The Brexit transition period will last until at least Dec. 31.

Trump Signs USMCA, Predicting It Will Bring 'Massive Gains' to Blue-Collar Workers
January 30, 2020 by Mara Lee|Americas

President Donald Trump, in a signing ceremony Jan. 29, said he would be ending the devastation that NAFTA brought and said that its replacement will strengthen what he called the country's blue-collar boom, “delivering massive gains for the loyal citizens of our nation.” Democrats, who were not invited to the White House ceremony, during their own press conferences ahead of the signing, emphasized how much they'd changed what the president submitted to them, by strengthening labor enforcement and environmental provisions, and removing patent protections for certain kinds of prescription drugs.

Grassley Says Trump Entitled to 'Brag' About USMCA
January 29, 2020 by Mara Lee|Americas

Senate Finance Committee Chairman Chuck Grassley, R-Iowa, as he talked about attending the U.S.-Mexico-Canada Agreement signing ceremony, acknowledged that there are a number of steps before the NAFTA replacement can come into force. He said on a Jan. 28 phone call with reporters that he thinks Canada will ratify “probably within the next 30 days,” but then all parties will have to show how they “will be able to carry out their USMCA obligations so that this can enter into force.” Here at home, uniform regulations for the new rules of origin have to be promulgated before the U.S. can certify it's ready for USMCA. Still, Grassley said, Trump will be running his re-election campaign on replacing NAFTA. “I'm glad he can say that, and I'm willing to say it for him, too,” he said. “He likes to brag, and this is legitimately something to brag about.”

Brazil Imposes New TRQs to Increase Certain Imports
January 28, 2020 |Americas

Brazil recently imposed tariff rate quotas on a range of imports to increase domestic market supply, according to a Jan. 24 report from the Hong Kong Trade Development Council. The changes will allow aluminum imports to continue to benefit from duty-free treatment through June 30, while certain paper imports will benefit from a reduced 2 percent duty through June 30. Other goods include chromium sulphate, p-Xilene, rutile pigments, polyamide-6, sardines, sodium hydroxide and disodium sulphate.