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Dairy access:
The US will be able to export the equivalent of 3.6%
of Canada's dairy market, up from the existing level of
about 1%.
Canada will get rid of the "Class 7" milk pricing program.
Expansion of market access for U.S. poultry and egg
producers.
Greater access to Canadian market for Wheat growers.
Timely review of products produced through
biotechnology and gene editing.
Agricultural goods:
Canada will give the US more access to its chicken,
turkey, and egg markets, and British Columbia will allow the
sale of US wines at its state-owned liquor stores. Mexico
agreed to allow imports of certain US cheeses.
U.S. wheat will no longer be branded as "feed grade"
once the trade agreement is ratified. Canada will be
required to treat imported wheat from the U.S. "no less
favorable than it accords to like wheat of national origin
with respect to the assignment of grade qualities."
The countries agreed to form a committee on
agricultural trade that will focus on trade barriers and
cooperation. The committee will meet within one year after
the agreement is ratified.
Auto rules:
Members must produce 75% of a car for it to pass
through the countries duty-free, up from 62.5%.
Additionally, 40% of each car must be produced by workers
making $16 an hour or more to avoid duties.
Auto Tariffs:
Canada would be allowed to ship 2.6 million cars to the US
without tariffs, well above the 1.8 million it sent last
year, and send $32.4 billion worth of parts without getting
hit by tariffs. Mexico's deal was similar, except the
country can send $108 billion worth of parts.
Currency Exchange Rate:
All three countries agreed to not actively intervene
to strengthen or weaken their currencies.
They agreed to let the market determine the exchange
rate.
Intellectual property:
The copyright period in Canada increased to 70 years
after the creator's death, up from 50 years, bringing the
country in line with the US.
Also, exclusivity for biologic drugs before generics
can be produced will be increased to 10 years in Canada from
eight years.
Increase in the de minimis levels:
The de minimis level is the amount of a good a person can
take across the border without being hit with duties. Canada
will increase the de minimis level for US goods to 40
Canadian dollars from 20 Canadian dollars; for cross-border
shipments like e-commerce, the level will be boosted to 150
Canadian dollars. Mexico will also bump its de minimis level
to $50 and duty-free shipments to $117.
Canada is the largest U.S. export market for agriculture,
valued at $20.5 billion in exports in 2017. Mexico is the
No. 3 overall U.S. market, valued at $18.6 billion last
year.
One item left out of the deal was the reinstatement of
Country of Origin Labeling.
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