If your contracts and policy manuals have not been updated, move it to the top right along with your fiscal year planning. If you are one of those companies where planning was done last year or years before for this new decade, congratulations, we are trying to keep up with you, but if you have not yet put those goals and ideas down on paper and discussed them with your department heads (which could be you and all your many hats) then let's get the ball moving.
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When imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.
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In order to decrease fears of US litigation, or any long drawn out litigation, for that matter, NAFTA has "dispute resolution panels." These panels look at whether or not the NAFTA countries participant is being treated fairly. Under President Trump, the US has claimed that "US court's sovereignty is eroded." He would do away with the panel altogether. Canada and Mexico want to keep them of course.
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