What Importers Need to Know on CUSMA and Textile & Apparel Goods
It has been over 6 months since CUSMA went into effect, with the primary function of renegotiating NAFTA and unifying the North American market into a single space for goods and services. The agreement has drawn a bit of critique from US manufacturers who believe they may be outbid by Mexican competitors -- especially in the domain of textile and apparel.
If you are interested in learning more about other areas of CUSMA, this article is part...
What Importers Need to Know About Shipping from China to Canada
Importers of all sizes have long since relied on importing from China, mainly due to lower manufacturing costs. Working with China is a cost-effective avenue for importers -- and knowing this, China has also made an effort to produce products that are attractive to a Canadian market.
Whether you work with China to produce a unique item, or to resell goods they already have available, it is a viable business model for the foreseeable future.
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Biden, CUSMA, COVID: What 2021 Looks Like for US-Canada Trade
2019 and 2020 have undoubtedly been quite challenging for trade professionals in North America. With new imposed tariffs, renegotiations of NAFTA, a pandemic, and the US election, 2020 proved to be one of the rockiest years yet in the last decade. With that, it’s likely that across both countries, the trade sector is ready to take advantage of smoother seas ahead for 2021.
Recommended reading:
Trade Compliance: 5 New Orders & Regulati...
A Closer Look at T-MEC: Trade Opportunities in Mexico
We’ve talked at length about a few different elements of CUSMA/USMCA/T-MEC and the impact of this “new NAFTA” agreement on Canadian importers. Today, we’re continuing that knowledge transfer to do a deeper dive at T-MEC, or the Mexico applications of this new FTA (free trade agreement).
Imports from Canada to Mexico have actually increased from a healthy 756359 USD THO to 866727 USD THO in September 2020. It is projected that these n...
An Overview of Canadian Sanctions Legislation
As an importer, you may be familiar with the idea of sanctions, and even how certain sanctions related to your particular offering function. Regardless of your degree of knowledge about sanctions, staying informed, up-to-date, and refreshed on sanctions and how they impact your work is integral. Remaining compliant to sanction legislation is central to maintaining your business reputation and managing legal and financial risks.
As such, we w...
