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“Constructive” meetings on NAFTA

     NAFTA

Canada’s Foreign Affairs Minister, Chrystia Freeland, says she is having constructive meetings with U.S. trade representatives on a new NAFTA deal.  However, the two sides have still not resolved three key issues: dairy, culture and the Chapter 19 dispute resolution mechanism.

The goal is to join the deal the U.S. has already signed with Mexico before the October 1 deadline for a trilateral agreement.  However, Canadian Prime Minister Justin Trudeau says he will not be pressured by the U.S. into signing a deal that is unfair for Canada.

For more information, contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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