By RICHARD AUSTIN AUSTINS column | July 14, 2020 12:32:15The Canada-US Free Trade Agreement, or CETA, will be signed in Washington on July 14.
The deal, which is not yet ratified, would give Canada the right to sell electric cars to the United States for the first time, but also give Washington the ability to impose tariffs on Canadian products if it chooses.
A new CETA would also expand the number of countries that are allowed to export goods to the US and create new legal restrictions on trade with countries like China, Vietnam, India, Mexico, and other emerging economies.
The new deal would also add a number of new regulations, including a ban on the import of foreign-made electronics and technology, and a prohibition on foreign firms from using U.S. technology to make goods.
The agreement is expected to be signed by President Donald Trump at the White House.
The deal would allow American carmakers to sell cars in Europe and Asia, where electric cars are still in the experimental stages.
The U.K. already has a $4 billion contract with German automaker Volkswagen to build electric cars, and is considering a similar agreement with the German automakers Daimler AG, BMW, and Porsche.
In addition, China and Mexico could be allowed to buy up to 50 percent of the combined value of all the vehicles made in the two countries.
This would make it possible for a Chinese company, for example, to build a car that is 50 percent American.
The U.k. would also be able to use American technology to produce cars that could be exported to other countries.
That is one of the main reasons why the CETA is expected be signed.
It would make a global supply chain possible, allowing American car companies to move cars from one country to another.
But the deal would require some changes to existing trade deals.
A number of key elements would need to be renegotiated, including the trade-offs between tariffs and security.
The current deal between the United Kingdom and the European Union requires countries to set a maximum tariff on imports of certain products, including certain components of electric vehicles.
The deal between Japan and China also stipulates that certain goods must be made in both countries and that those goods must not be sold in the United Nations.
The current CETA deal would expand this, giving countries the right of “first refusal” to sell American-made products to other nations, according to the U.N. Department of Trade and Industry.
The other important element of the deal, known as the “supply side” clause, allows U.s. companies to negotiate directly with foreign countries to get a higher price for their products.
It requires countries like Canada and Mexico to agree to “fair and reciprocal” deals with the United Sates if they want to sell to them.
A major concern in the deal is that it would allow countries like Vietnam to sell vehicles to the EU, but not to the rest of the world.
In fact, the UnitedS.
already provides Vietnam with cars, including electric ones, for free, but this is only a temporary arrangement, according the International Federation of the Phuket Automobile Industry.
Vietnam has an ambitious plan to export electric vehicles to Asia by 2025.
The country already has agreements with China, Russia, and the United Arab Emirates, but that plan is in jeopardy.
The CETA agreement would create a global market for electric cars.
The United States, which has already seen an explosion in electric cars in China, could take advantage of that market to make a significant amount of money off of the sale of electric cars and plug-in hybrids.
What do you think?
Are the tradeoffs worth it?
Leave your comments below.
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