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Canada and Mexico are seeking $3.7 billion in retaliation ($2.41 billion for Canada and $713 million for Mexico), but the U.S. is arguing for total retaliation at barely three percent of that amount. A WTO arbitration panel is scheduled to meet in mid-September to continue its consideration of the matter.
World Trade Organization members missed a July 31 deadline for completing a work program aimed at restarting the long-running Doha Round negotiations. Some observers say progress is still possible at the WTO’s next ministerial meeting in Kenya this December, but others say that will only happen if the scope of the deal is narrowed.
With a limited number of importers expected to avail themselves of the Importer Self-Assessment and Trusted Trader programs, BKIP offers a way for CBP to use the importer-broker relationship to further identify reputable importers and thus narrow the field of actors on which it focuses its enforcement resources.
U.S. Customs and Border Protection reports that the following new capabilities in the Automated Commercial Environment became available to trade community users on Aug. 8.
The U.S. and Mexico are taking a number of steps to increase the global competitiveness of North America, including by modernizing their shared border and improving regulatory cooperation.