![]() ![]() Key Achievement: Exceeding NAFTA 1.0 and TPP Standards to More Effectively Support Trade in Manufactured Goods New commitments have been included in the Market Access chapter to reflect developments in United States trade agreements that address non-tariff barriers related to trade in remanufactured goods, import licensing, and export licensing. The new rules will help ensure that only producers using sufficient and significant North American parts and materials receive preferential tariff benefits. This includes new cooperation and enforcement provisions that help to prevent duty evasion before it happens. ![]() This deal exceeds NAFTA 1.0 and the TPP by establishing procedures that streamline certification and verification of rules of origin and that promote strong enforcement. The United States, Mexico, and Canada have agreed to stronger rules of origin that exceed those of both NAFTA 1.0 and the Trans-Pacific Partnership (TPP), including for autos and automobile parts and other industrial products such as chemicals, steel-intensive products, glass, and optical fiber. Key Achievement: Exceeding NAFTA 1.0 and TPP Standards with Stronger Rules of Origin and Enforcement Encourage more investment by auto companies in research and development in the region.Ensure that United States producers and workers are able to compete on an even playing field, and incentivize new vehicle and parts investments in the United States.Support better jobs for United States producers and workers by requiring that a significant portion of vehicle content be made with high-wage labor.This deal uses trade rules to drive higher wages by requiring that 40-45 percent of auto content be made by workers earning at least $16 per hour. Key Achievement: Creating New Labor Value Content Rule Close gaps in the current NAFTA agreement that incentivized low wages in automobile and parts production.Transform supply chains to use more United States content, especially content that is key to future automobile production and high-paying jobs.Help to preserve and re-shore vehicle and parts production in the United States.Help to incentivize up to billions annually.This deal encourages United States manufacturing and regional economic growth by requiring that 75 percent of auto content be made in North America. Key Achievement: Increasing Regional Value Content Rule This update to the rules of origin will provide greater incentives to source goods and materials in the United States and North America. The United States, Mexico, and Canada have concluded substantive discussions on new rules of origin and origin procedures, including product-specific rules for passenger vehicles, light trucks, and auto parts. The new United States-Mexico-Canada Agreement (USMCA) will create more balanced, reciprocal trade that supports high-paying jobs for Americans and grows the North American economies. The United States, Mexico, and Canada have reached an agreement that supports North American manufacturing and mutually beneficial trade. ![]()
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