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The USMCA: Six Months On | Skadden, Arps, Slate, Meagher & Flom LLP


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In a January 2021 webinar titled “The USMCA: Six Months On,” Skadden International Litigation and Arbitration partners Julie Bedard, David Herlihy, Timothy G. Nelson and Jennifer Permesly and CFIUS, National Security and International Trade partner Jeffrey Gerrish and counsel Brooks Allen discussed the United States-Mexico-Canada Agreement (USMCA), six months after its signing.
The USMCA and Trade
Mr. Gerrish and Mr. Allen both former officials in the Office of the U.S. Trade Representative who helped draft and negotiate the USMCA kicked off the discussion by explaining the USMCA’s automotive rules of origin, a key update to the North American Free Trade Agreement (NAFTA). The agreement raises the percentage of North American-sourced auto content needed to obtain preferential tariff treatment, raising it for passenger vehicles and light trucks from the NAFTA level of 62.5% to 75% over a three-year p ....

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Leveraging the RCEP as an impetus for trade


Leveraging the RCEP as an impetus for trade
07 Feb 2021 / 20:40 H.
The apparent euphoria over the significant hike in trade surplus by about 27% to RM185 billion in 2020 compared with 2019 has caught the attention of many.
Upon closer scrutiny, exports have declined by 1.4% while imports have dropped by 6.3%.
The increase in trade surplus that is contributed by a significant drop in imports is not something to gloat about.
The decline in imports for intermediate goods and capital equipment are indeed causes for concern. Based on Matrade’s report, the import of intermediate goods nosedived by 9.5% and this could be attributed to weaker manufacturing activity. ....

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