The new NAFTA is coming to town, slowly but surely. If you were anywhere on the internet during the 2016 elections, chances are you heard your fair share of news involving NAFTA and its possible renegotiations. Since the election of the new President, NAFTA has been a bit of a political football and in the midst of talks between Mexico, Canada, and the United States. Today, lawmakers are urging Congress to approve the final negotiated bill so that business can continue and the imports and exports to and from Mexico and Canada can move forward.
So What is the New NAFTA?
The new NAFTA was renamed as USMCA and has a few of the former provisions in the old agreement. The agreement has some improvements for North American workers, farmers, ranchers, and businesses. The goal is to support high paying jobs for all workers, including American workers, and include more balanced trade. The new bill was negotiated last year, but has been on hold until Congress ratifies it.
The United States Imports and Exports
The United States is a land of opportunity, but it is also a land of innovation and creation. This is because the free market allows people to create and sell their products in the worldwide market. The United States is the third largest export economy in the world. This means that on any given day there are hundreds of goods moving across borders. That’s where we come in. We support the legal and efficient transportation of goods across the border.
The Top Exports
The United States has several top exports and of the countries to which we export the most include Mexico and Canada, both bordering nations. China is the third. Our major exports include:
- Refined Petroleum
- Cars
- Planes
- Helicopters or Spacecraft
- Gas Turbines
- Medications
Why Freight Forwarding Matters
Selling and trading your goods across the border is a lot more complicated than might first meet the eye. If you are new to exporting or importing business, all of the Custom regulations and inspections might come as a surprise to you but the truth is that the trade regulations can get a little complicated. This is why logistical services and export services are key. Freight forwarding is there to help ensure your products are following the necessary regulations and tracking.
If you are looking to take your good across the border, give Cordova Brokerage a call today. We can walk you through the process and more importantly take care of the logistics for you. Call us today!
