NAFTA provisions loading

“Update Available for Download”: NAFTA Rules for Digital Age

In 1994 – the year NAFTA went into effect – the Internet was still accessed through dial-up. Amazon, Google, and eBay were years away, while Facebook and the iPhone were a decade off. As the United States, Canada, and Mexico prepare to rethink NAFTA, they have an opportunity to write rules for digital trade, protecting North America's lead as a digital pioneer.

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Alex Galchenyuk alone

“De Minimis” Thresholds Are Not Trivial

Because most everything can be found online and purchased in small quantities, most consumers don’t see much difference between buying toothpaste from CVS online or purchasing an Alex Galchenyuk hockey trading card from Canada on eBay. But when the product is shipped across an international border, the “de minimis” rule is in play.

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Pantone 2017 Color of the Year

Speaking the Same Language in Trade

In 1963, the Pantone company created a system so that designers globally could reproduce identical colors based on a code. In the same way, the Harmonized System is used by customs agencies around the world to classify the products moving across thousands of borders at any point in time.

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Think difference

National Security Exception: When Trade Rules Don’t Apply

Since 1947, the global trade rules have contained a “national security exception." WTO members operate on the presumption that their fellow members will exercise the exception rarely and in good faith.

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Computer crime concept

The International Business of Cybercrime

The scope and speed of cyber attacks show just how interconnected and fragile the infrastructure of global commerce is. It's a vulnerability that criminals are all too eager to exploit: cybercrime is a booming international business.

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Vegetable market famous Mercado dos Lavradores of Funchal, Madeira

The Global Appetite for Fresh Food

They say variety is the spice of life. As millions of households around the world can increasingly afford to diversify their diets, stimulating global demand for more meat, fish, dairy, fruits, and vegetables. It's an opportunity farmers in America and in developing countries are preparing to seize.

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The Elemental Case for Free Trade

How can one bakery focus on selling this many flavors of macaron cookie? Production in our economy is increasingly specialized. Specialization requires trade, which in turn promotes more specialization. And, the greater the number of consumers and producers, the larger the scope for each producer to focus on a narrow specialization. That's part of the story of trade.

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Main Street Sign

U.S. Export-Import Bank: Banker to Corporate Titans or to Main Street?

Public debate over whether to continue to operate the U.S. Export-Import Bank has less to do with how its run than who it's run for. The companies using its services range from the titans of industry including Boeing, GE, and Caterpillar, to small firms across the United States that literally set up shop on Main Street.

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Business, legal and medical cartoon showing two knights jousting on horseback. One thinks, 'We need a better process'.

How the WTO Settles Disputes

WTO members voluntarily agreed to rules to create a more secure and predictable trading environment for their traders. By and large, members comply with these rules so that others will as well. But when one member believes that another is not complying, the WTO has procedures for settling disputes.

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Stripes on a blackboard

A Deficit of Good Trade Data

In 2016, the United States ran a trade deficit of $500.6 billion. If President Trump wanted to reduce the U.S. deficit with Mexico or China, all he has to do is change the way we count it.

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