North American Free Trade Agreement News

U.S. officials have begun informal talks to prepare for new negotiations on the North American Free Trade Agreement (NAFTA), David Cohen, the country's ambassador to Canada, told CBC News in an interview published Saturday."On the U.S.

U.S. Trade Representative Robert Lighthizer on Thursday said he hopes there will be a breakthrough in NAFTA trade talks in the next few days, as the U.S continues discussions over the North American Free Trade Agreement.Lighthizer made the remarks at White House meeting of President Trump's Cabinet. Trump told Lighthizer he was in no rush for a resolution over the pact: "We’re either going to do a fair NAFTA for us or we're not going to do NAFTA at all."Reporting by Steve Holland

Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday.The Canadian tariffs are set to go into effect on July 1, 2018, and stay in place until the U.S. lifts its own measures, Freeland said, hours after the United States said it would impose tariffs on aluminum and steel imports from Canada…

The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential tariff exemptions and suggested a hardening of the Trump administration's approach to trade negotiations.It also sent a chill through financial markets…

Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a "very bad idea" guaranteed to disrupt trade between the two nations.Trudeau told reporters in Vancouver he was confident the administration of President Donald Trump understood that such tariffs would hurt jobs in the United States as well as Canada.Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March but granted temporary exemptions to Canada and Mexico that run out on May 1. Canada is the biggest supplier of steel and aluminum to the United States."We have been discussing this with the U.S.

Canada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new U.S. tariffs on the metals, Prime Minister Justin Trudeau said on Tuesday. Trudeau said earlier this month he was aware of concerns that countries facing the tariffs could try to ship supplies through Canada and pretend the metals had been produced in Canadian facilities. Under new measures unveiled by Trudeau's office on Tuesday, the Canada Border Services Agency will gain new powers to stop companies that try to dodge duties.

Mexico's economy ministry said on Thursday it formally imposed anti-dumping duties on imports of carbon steel pipe from China after completing an investigation into "unfair" trade practices. The action came the same day U.S. President Donald Trump was set to announce tariffs on steel and aluminum imports to the United States in a bid to counter cheap imports, especially from China. Mexico's investigation of Chinese steel pipes predated Trump's tariff plan, beginning in December 2016 at the request of three companies and covering an analysis of the period from May 2013 to April 2016…

Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future. In recent years, Global Cargo Shipping Market has advanced rather productively. While, increasing number of countries forging of free trade agreements like ASEAN Free Trade Area (AFTA), Trans-Pacific Strategic Economic Partnership (TPSEP) and North American Free Trade Agreement (NAFTA) will boost the growth of cargo shipping market further. In addition, the market is gaining momentum with initiatives such as the One Belt, One Road, as well as the expanded Panama Canal and Suez Canal are expected to positively affect the seaborne trade by generating business opportunities. The key players of the Global Cargo Shipping Market are A.P.

Mexico's economy minister said his country was ready to renegotiate trade rules with the United States and that any change in U.S. tax policy that affected imports would have to be countered with a "mirror action" in Mexico. U.S. President Donald Trump told a meeting with U.S. executives on Monday that companies would face a "major border tax" if they shifted jobs outside the United States. Such a measure could affect Mexico's exports to the United States, its top trading partner. "If there is any action that punishes imports to the North American market and encourages U.S. exports, you have to reflect it in a mirror action to counteract the change of incentives that this would make for activity and investment in Mexico…

Canada, fearful of talk by the U.S. presidential candidates to reopen the North American Free Trade Agreement, could use the opportunity to push for a better deal on worker mobility, dispute resolutions and other issues, Canadian negotiators of the original pact said. Republican Donald Trump calls NAFTA the worst trade deal signed by the United States and Democrat Hillary Clinton has signaled a change of position on the 1994 pact she supported when it became law under her husband, former president Bill Clinton. The agreement between the United States, Canada and Mexico is often used for political grist in U.S. election campaigns but altering it is a major concern for export-oriented Canada.

Eddy Hayes, Chairman of the Board of Directors, World Trade Center of New Orleans, and Gary LaGrange, President and Chief Executive Officer of the Port of New Orleans, discuss New Orleans’ role as a key U.S. port city and address opportunities for  trade expansion. As New Orleans approaches her 2018 tricentennial we are reminded of New Orleans’ metamorphosis from accidental trading post to key port city. New Orleans has always been a port city, whether feeding the westward expansion of our nascent country through the Mississippi River…

Mexico's Economy Ministry said on Tuesday a preliminary decision by the United States to impose anti-subsidy import duties on Mexican sugar was a setback in trade relations between the neighbors and pledged to fight the decision. The Mexican ministry said the government would continue to defend its rights and exhaust the legal options to protect Mexico's interests under the aegis of the North American Free Trade Agreement (NAFTA) and the World Trade Organisation. The U.S. Commerce Department said earlier it would impose duties on Mexican sugar imports as high as 17.01 percent. The preliminary step to slap duties on sugar imports from Mexico, which could still be overturned, is backed by U.S.

Provider of transportation management services & logistics technology, Transplace, says it has wrapped up its recent 12th annual 'Shipper Symposium' in Dallas. Former President of Mexico Vicente Fox and other leading supply chain and economic visionaries addressed current supply chain and economic issues, including NAFTA in its 20th year, capacity constraints and regulatory changes that have a worldwide effect on the transportation of goods. Supply Chain Economics: Effects on the World – Economist Paul Bingham addressed shifting overseas sourcing trends and changes in the global economic and trade landscape. During his presentation, Bingham examined a variety of factors that are affecting the market…

TransCanada Corp, Canada's No.2 pipeline company and the backer of the Keystone XL pipeline, reported a 14 percent rise in adjusted quarterly profit as an unusually harsh winter in North America boosted demand for its pipelines. Delivery volumes rose 24 percent in the company's Canadian Mainline gas pipeline system and 14 percent in the NGTL system in Western Canada in the first three months of the year. "An unseasonably cold winter resulted in strong demand for our critical pipeline and power infrastructure assets," Chief Executive Officer Russ Girling said in a statement. Girling said the recently completed Keystone Gulf Coast crude pipeline betweenCushing, Oklahoma, and the U.S.

The New York/New Jersey Foreign Freight Forwarders and Brokers Association (NY/NJ FFFBA) has selected Claudio Bozzo, President and CEO of Mediterranean Shipping Company (USA) Inc., to receive the "2013 Person of the Year" Award. For nearly 100 years, this award has recognized those who have significantly impacted the region's global trade community. The award will be presented during the annual dinner at the Marriott Marquis Hotel in New York on Wednesday, January 23. The dinner is one of the largest transportation industry events in the country, attracting some 900 guests every year. "Mr.

U.S. Trade Representative (USTR) Robert B. Zoellick and U.S.Customs Commissioner Robert C. Spring Conference meeting on Tuesday, March 19, at the Washington Court Hotel in Washington, D.C. Ambassador Zoellick will receive AAPA's Port Person of the Year Award and will provide the keynote address at 8:30 a.m. on March 19. Commissioner Bonner will be the featured speaker during the Annual "Washington People's Luncheon" from 12:30 to 2:00 p.m. He is expected to address seaport security issues during his remarks. AAPA's Port Person of the Year Award is presented annually to an individual who has made significant contributions to the port industry. opening markets abroad and maintaining an open-market policy within the U.S. maritime transportation.