These assessments have left many important questions unanswered. They did not examine the impact of the new rules on Canada`s ability to pursue a new economic and trade policy (for example). B in terms of intellectual property and data). Nor did they examine the potential impact of CUSMA on future business investment in Canada. What the agreement might mean for Canada`s freedom to negotiate future trade agreements is also uncertain. The United States insisted on a provision that would make a Canada-China trade agreement more difficult. Canadian trade analysts have widely criticized this as a measure to prevent Canada from pursuing new trade agreements with China. The new agreement changes the original certification requirements. Here`s what you need to know. In order to comply with the technical rules and standards for pre-packaged foods and food additives, governments may require companies to provide information on their own formulas. The United States, Mexico and Canada have agreed on the proprietary food formula schedule, which requires each party to similarly protect the confidentiality of this information for domestic and imported products. It also limits these information requirements to what is necessary to achieve legitimate objectives. The agreement stipulates that the value of the import does not exceed USD 1,000 or the corresponding amount in the importing party`s currency or a higher amount, as the importing party can see.
Critics say this was not the time for Canada to give up its political flexibility in a trade agreement. Digitalization will play such an important role in the future, but we know little about the forms it will take. For example, much of our future infrastructure – including power grids, utilities, traffic management and autonomous vehicle systems, online money flow, smart cities and smart homes – will depend on artificial intelligence, 5G networks and the Internet of Things. Each of these technologies has a significant impact on data possession and use. (See also computers and the Canadian Society.) Weissenburger, who leads a team of 16 trade commissioners responsible for Southern California, Arizona and Nevada, notes that an important element of the new agreement is strengthening rules and regulations that offer predictability.