Welcome to the February issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an.
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In our last international trade brief, we discussed the
U.S. suspending the Section 232 tariff on Canadian aluminum. In
this international trade brief, we explore what parties engaging in
Canada-UK trade should expect now that Brexit has officially come
into force, and discuss the transitional agreement between Canada
and the UK – the
Trade Continuity Agreement between
Canada and the United Kingdom of Great Britain and Northern
Ireland.
As of January 1, 2021, Brexit has officially come into force. As
the United Kingdom leaves the European Union, it is no longer
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.
Minister Discusses Canada-U.K. Trade Bill – December 9, 2020
Mary Ng, the minister of small business, export promotion and international trade, speaks with reporters on Parliament Hill following the introduction of the federal government’s bill to implement an interim trade agreement between Canada and the United Kingdom.
The Canada–United Kingdom Trade Continuity Agreement is a temporary deal necessitated by the U.K.’s exit from the European Union and, consequently, from the Canada–European Union Comprehensive Economic and Trade Agreement (CETA). The two countries are expected to enter into negotiations for a permanent trade agreement in the coming year. (no interpretation)