Following 16 years of negotiations, the Trade and Economic Partnership Agreement (TEPA) between India and the EFTA (European Free Trade Association) States â Switzerland, Iceland, Norway, and Liechtenstein â will enter into force on 1 October 2025. As the first European countries to conclude a free trade agreement with India â the worldâs most populous nation â the EFTA States are strategically positioning themselves to tap into substantial economic opportunities. TEPA marks a significant milestone…
Following the US administration’s’ extensive new import tariffs, many companies are grappling with increased costs and supply chain uncertainty. What happens when a deal becomes financially unsustainable due to government-imposed trade restrictions? Companies should consider the force majeure and change management clauses in their contracts, and the doctrines of impossibility, impracticability and frustration of purpose under applicable statutes and the common law, to assess whether they are entitled to relief. This article examines these potential…
Following weeks of tariff threats from the U.S. and the imposition of retaliatory Canadian tit-for-tat tariffs and non-tariff measures, the U.S. and Canada are currently in the midst of a trade war that is expected to have significant economic repercussions. On 5 March 2025, the Government of Canada announced that it would take action under the Investment Canada Act (âICAâ) to protect Canadian companies from foreign investors looking to capitalize on the current economic uncertainty…
The Trade Remedy Authority of Vietnam has issued Decision 460/QD-BCT on 21 February 2025 to impose the preliminary anti dumping duty rates against Hot-Rolled Steel (âAD rateâ) from China and India. Accordingly, the AD rate only applies to HRS from China. HRS from India shall not be subject to the preliminary AD rate for the reason that the HRS import volume from India does not meet the regulatory minimum amount (3% of total HRS import…
Baker McKenzieâs Global Customs Practice invites you to join us for a webinar weâll be hosting on âTrump and Tariffs: Focus on the US, Canada and Mexicoâ.This one-hour webinar will take place Wednesday, 5 February 2025 at 10:00 Mexico City / 11:00 EST / 17:00 CET. On February 1st 2025, President Trump signed executive orders imposing the long-anticipated tariffs he has called on for Canada and Mexico including 25% tariffs on non-energy imports from Canada and on all imports from Mexico…
President Trump signed an executive order on February 1, 2025 (âExecutive Orderâ), imposing the long-anticipated tariffs on Canada, Mexico, and China under the International Emergency Economic Powers Act (âU.S. Tariffsâ).Canada retaliated swiftly by implementing retaliatory tariffs/countermeasures at a rate of 25% pursuant to sections 53 and 79 of the Customs Tariff by way of an Order in Council (United States Surtax Order (2025) (âCanada Tariffsâ). Read the Government of Canadaâs press release here. For the past two decades, goods have largely flowed across North…
Baker McKenzie’s Trade, Sanctions, and Customs Practice is pleased to invite you to our 2025 Global Trade and Customs Webinar Series. This series includes a variety of sessions spread throughout the year, addressing the latest developments in trade and customs compliance.In these sessions, our panel of international experts will cover key trends and topics in both outbound and inbound trade and customs, which will be top of mind for businesses in 2025. Topics include: We will…
In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments Conference. The conference will provide valuable insights on the latest developments, challenges and opportunities in the ever-changing landscape of international trade. We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on November 12 and virtual panels on November 19-21. In-Person Event l November 12 Join us for a crucial fireside…
The Government of Canada presented its 2024 Federal Budget on April 16, which provides insight into the current administrationâs trade-related domestic and foreign policy goals over the next five years. This includes a renewed commitment to eradicate forced and child labour from Canadian supply chains. Read more about it in this blog post issued by trade and supply chain experts in our Toronto office.
This article provides an overview of the global rise in human and labour rights legislation linked to trade measures. In particular, it examines: The Rise of International Human and Labour Rights Legislation Linked to Trade Measures Over the past decade there has been an accelerating trend toward a global legal regulatory framework requiring entities to comply with international human and labour rights in their own enterprise and supply chains through, what is referred to…