Canada continues to face off against its trading partners in disputes arising under its free trade agreements (“FTA”). At the conclusion of 2022, Canada successfully resolved an ongoing dispute concerning the calculation of regional value content (“RVC”) under the USMCA’s automotive rules of origin. Canada remains the target of two dairy disputes, one filed by the United States and one filed by New Zealand, concerning its allocation of tariff rate quotas for dairy imports. Canada has also partnered with the United States in a developing dispute concerning Mexico’s treatment of foreign energy businesses. Finally, Canada looks to expand its FTA partners by announcing consultations on a proposed bilateral FTA with Ecuador.
Source Baker & McKenzie
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