Category: Texas

Due Diligence for Political and Trade Risk Considerations for North American Cross-border Transactions
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Due Diligence for Political and Trade Risk Considerations for North American Cross-border Transactions

Introduction On November 30, 2018, the United States, Canada, and Mexico agreed to replace the North American Free Trade Agreement (“NAFTA”) with the United States Mexico Canada Agreement (“USMCA”). The new agreement has been marked by fraught negotiations provisions, resulting in a heightened sense of trade uncertainty for the middle market. In the past, President...

Canada-U.S. Trade: Looking Across the Northern Border
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Canada-U.S. Trade: Looking Across the Northern Border

“We’re more than friends and neighbors and allies; we are kin, who together have built the most productive relationship between any two countries in the world today.” – President Reagan, welcome ceremony remarks at the Shamrock Summit, Quebec City, March 17, 1985 Introduction Despite being one of our closest friends and neighbors, our biggest trade...

Doing Business in the States – Toronto and Calgary Events
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Doing Business in the States – Toronto and Calgary Events

The Canada-Texas Chamber of Commerce was please to participate in two events in Calgary and Toronto last week on cross border business. On Tuesday, May 14th, we joined BMO for their “Doing Business in the States.” This event was an exclusive luncheon and presentation about what Canadian companies need to know about doing business in the states. ...

Opportunities for Canadians in Texas
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Opportunities for Canadians in Texas

As Alberta continues a slow recovery from the 2014 oil price downturn and resulting recession, Texas is experiencing an energy renaissance a short 1,200 miles to the south. Alberta’s ongoing legal struggles preventing the construction of pipelines to the west or south to the United States have kept potential prosperity from the oil sands locked...

NAFTA Without Canada Would Be Trouble For Texas Exports
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NAFTA Without Canada Would Be Trouble For Texas Exports

TEXAS STANDARD – APRIL 31, 2018 “Texas is the nation’s largest exporter….Texas exports $22.8 billion annually to Canada, so I think it would have a real impact on Texas companies,” McCullough says. McCullough says if the U.S. imposes tariffs on Canada, Canada would likely retaliate and that would reduce demand for Texas products. McCullough says...

NAFTA without Canada a bum deal for Texas
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NAFTA without Canada a bum deal for Texas

SAN ANTONIO EXPRESS – AUGUST 31, 2018 In a surprising move, President Donald Trump announced Monday that the United States has come to a bilateral “understanding” with Mexico on what might replace NAFTA. The details of the understanding, which must be ratified by Congress to become law, are still unclear. According to reports, President Trump...

Doug McCullough: Canada’s potential exclusion from any new U.S. trade deal could result in the nation implementing costly tariffs that would hit Texas business.
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Doug McCullough: Canada’s potential exclusion from any new U.S. trade deal could result in the nation implementing costly tariffs that would hit Texas business.

CTCC Director Doug McCullough was recently interviewed by the Texas Tribune for their article: How excluding Canada in Trump’s new trade deal could hurt Texas As Canadian leaders scramble to persuade President Donald Trump to not exclude them from trade negotiations, a trade expert says that shunning America’s northern neighbor could hit Texans in the...

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