NAFTA 2.0: USMCA is Good for Cross-Border Business2018-10-04
“The new deal with the US & Mexico means Canadian businesses will have more opportunities to grow – and that means more good, well-paying jobs for the middle class. More on how the
#USMCA will benefit Canadian workers http://bit.ly/2Ov3nA9″
Canada and US negotiators brokered a deal to replace NAFTA late September 30, 2018. Details of the United States-Mexico-Canada Agreement, USMCA, are still emerging and is expected to be ratified by the US in late November.
USMCA is Good For Cross-Border Business
TNs (Trade National visas) covered under NAFTA Chapter 16, which let Canadian businesses hire skilled American and Mexican workers in more than 60 professional categories on temporary work permits, were not significantly changed. Skilled professionals and business people from Mexico and the US can work in Canada with 3-year temporary work permits that can be renewed. Canadian employers who hire professionals via the new NAFTA, USMCA, are not required to submit a Labour Market Impact Assessment (LMIA), which is normally required to prove no Canadian can fill the position.
Canadian professionals can continue to be hired by employers in the United States and Mexico under USMCA.
USMCA proposes a 16-year agreement, renewable following a six-year review. Ackah Law will monitor and update USMCA news until the agreement is ratified, most likely in late November.
Immigration lawyer Evelyn Ackah explains that USMCA is good for cross-border business:
Because of NAFTA, Canadian professionals can go to the United States and work in TN status, and it provides career opportunities for Americans to work in Canada. The new USMCA agreement that will replace NAFTA is important to cross-border business. Immigration rules and regulations can be frustrating, confusing, stressful, inefficient and always changing. We will be watching as the new agreement details are made public, and proactively advising our clients how the new regulations will impact their business. At Ackah Law, our goal is to simplify and expedite the immigration process and help open doors to new opportunities.
The markets are pleased with the new USMCA deal: The Canadian dollar rose 0.8 percent to 1.2799 per US dollar after the deal was made public. Once the agreement is signed into effect, the 24-year-old NAFTA will be superseded by USMCA in a region that trades more than $1 trillion annually. Canadian Prime Minister Justin Trudeau tweeted it is a “good day for Canada & our closest trading partners.”
- New US and Canada NAFTA Deal: What You Need to Know #USMCA
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Evelyn Ackah is a US and Canada immigration law expert and founder and managing lawyer at Ackah Business Immigration Law. Business immigration law focuses on helping people move into new opportunities — both personally and professionally. Ackah Immigration Law helps you to navigate the complex maze of rules and regulations involved with Canadian, U.S. and international immigration law with confidence. Headquartered in Calgary and with offices in Vancouver and Toronto, Ackah Business Immigration Law provides legal immigration advice for those looking to move for work, education or personal reasons.
We provide expertise in all areas of immigration law ranging from corporate immigration to personal and family immigration matters. We provide comprehensive immigration services to clients around the world representing corporations, institutions, not for profit organizations and individual clients. As your immigration lawyers and paralegals, we provide you with timely and strategic advice relating to the constantly changing immigration laws and regulations.