Cargo handling continues at U.S. ports despite coronavirus spread
Canada approves North American trade deal
“With royal assent, the USMCA has cleared its last continental legislative hurdle to become the law of the land in all three signatory countries. Canadian approval kicks off a three-month period for all three signatory countries to agree on implementation regulations, including naming each country's representatives for the conflict resolution mechanism.”
Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break
“The United States in February toughened its own tariffs on aircraft built by Boeing’s arch-rival Airbus after winning approval last year from the WTO to penalize European goods over Airbus subsidies. The European Union is widely expected to win approval to use a similar trade weapon to penalize imports of U.S. goods when a parallel case over U.S. support for Boeing comes to a head during the spring.”
WTO scraps ministerial meeting in June
“The Geneva-based trade body had hoped to seal a deal to limit fishing subsidies and make progress towards a multinational agreement on e-commerce rules, though expectations had been dampened by strained negotiations in recent months. A drive towards reform of the 25-year-old body could also have begun in Nur-Sultan.”
Copyright © 2020 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.