Posted on 07/01/2020 2:21:04 AM PDT by BeauBo
A new continental trade agreement kicks in on Wednesday (July 1st), and border industry leaders are ready to take advantage of it.
The U.S.-Mexico-Canada Agreement (USMCA) increases native content in the auto industry, incorporates rules for e-commerce and pharmaceuticals, opens Mexico’s energy sector and updates labor protections in the 1994 North American Free Trade Agreement, or NAFTA...
One in four jobs in El Paso is tied to cross-border trade, while 300,000 people across the border in Juarez work in U.S.-run maquiladoras that assemble automotive components, electronics and medical supplies, among others...
Mexico is also looking forward to the business opportunities created by the USMCA. A coalition of nine Mexican governors that met last week identified two priority targets.
One is to create a platform called DigiMex for Mexican entrepreneurs to market e-commerce service. The other is to replace Chinese companies with Mexican companies as providers or manufacturers for some U.S. companies.
“We need to take advantage of a post-COVID realignment to substitute China in the supplier market to the United States. Our geographical location, infrastructure and experience gives us a great degree of competitiveness in this regard,” Chihuahua Gov. Javier Corral said...
The U.S. government also says it’s ready for the new trade treaty.
U.S. Customs and Border Protection in March launched the USMCA Center (https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA), which has information and trained staff to answer questions from the trade community.
The agency also has issued compliance guidance, fact sheets, informational videos and put on webinars. The agency has also briefed trade associations and various groups on how it will enforce the rules.
(Excerpt) Read more at borderreport.com ...
They said it couldn't be done.
As of today, its all ready to take more of our supply chain out of China.
CBP summarized the new trade deal: “The USMCA modernizes trade among the United States, Canada, and Mexico, introducing updated rules of origin, customs administration and trade facilitation provisions, intellectual property rights protections, and fair labor conditions.”
It is going to do a lot to close the back doors that existed for Chinese imports, by either trans-shipping them through Mexico or Canada, or sending the components for final assembly in Mexico or Canada.
Just more ways to smuggle in DOPE.
Such BS,. Those manuf'ing jobs should be here!!!
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