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2020 was, to say the least, an unusually active year on the trade front. While 2021 may not be as spectacularly eventful, we nonetheless anticipate several significant developments in international trade, and specifically trade related to Canada, over the coming year. COVID-19 will continue to affect global trade flows and economic growth throughout 2021. The pandemic has highlighted the significance of e-commerce and the importance of new digital trade chapters included in mega-regional trade agreements (like the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) as well as standalone e-commerce agreements. We also anticipate further East-West decoupling to impact trade through measures focused on separate supply chains for strategic technology and defence goods, as well as ESG-related supply chain legislation, such as legislation governing modern slavery and human trafficking.
2021 Competition Act and Investment Canada Act thresholds for Canadian M&A transactions | Dentons
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Parliamentary update - In Your Service
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The EU-UK Trade and Cooperation Agreement was signed on 30 December 2020
The latest round-up of updates to key free trade agreements and trade preference programmes involving the United States, the European Union, the United Kingdom and Canada covers developments in December 2020.
UNITED STATES
Caribbean Basin Economic Recovery Act (CBERA)
On 21 December 2020, the Office of Textiles and Apparel (OTEXA) under the US Department of Commerce announced the new tariff quota level for Haiti s apparel items under the Caribbean Basin Economic Recovery Act (CBERA). Specifically, from 20 December 2020 through 19 December 2021, Haiti can export a total of 337,967,087 square metres equivalent (SME) of apparel to the United States duty-free under CBERA. This quota level is equivalent to 1.25% of the aggregate SME of all apparel articles imported into the United States in the past 12 months.