On December 10, 2019, the three countries reached a revised USMCA agreement. On January 29, 2020, Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Freeland introduced the USMCA C-4 Transposition Act in the House of Commons and passed the first reading without a registered vote. On February 6, the bill passed second reading in the House of Commons by 275 votes to 28, with the Bloc Québécois voting against and all other parties voting in its favour, and it was referred to the Standing Committee on International Trade.    On 27 February 2020, the committee voted to send the bill to Parliament for third reading, without amendments. Clients` rights against brokers and securities dealers are almost always settled in accordance with contractual arbitration clauses, as securities dealers are required to settle disputes with their clients, in accordance with the terms of their affiliation with self-regulatory bodies such as the Financial Industry Regulatory Authority (formerly NASD) or the NYSE. Companies then began to include arbitration agreements in their customer agreements, which required their clients to settle disputes.   And then there is the way NAFTA was renegotiated: by a president who threatened to tear up the agreement and used tariffs as a permanent threat. „Tariffs bring people to the table, and when you play hardball, you get a deal,“ Miles says. „I now think [Trump] feels confirmed that this is what happened here.“ These are some of the strengths of the agreement, but there are many other optimizations. Most of the provisions will not come into force until 2020, so it will be some time before U.S. consumers (or Canadian or Mexican consumers) and workers discover the effects of the new NAFTA.
As an Indian IT expert in Sri Lanka, panic and reactions against CEPA to the IT services agreement are misplaced. My two cents. 1. Cost Arbitration: Works on behalf of Sri Lankan IT experts. An ephemeral look at the home-making salary of business analysts, (Functional, Domain, Technical) Consultants is 1.5 times the salary a Sri Lankan professional earns. I think that difference is at a lower level. This is more or less true for beginners. (My own example, I`m not yet the salary I spent in India in 2010) 2. Cost of living: After three years in Sri Lanka, I realize that the cost of living is higher. From food to other daily/monthly expenses, Sri Lanka is on the upper side. With a reduced salary, and throwing in the cost of living in the mix, working in Sri Lanka is not an incentive. 3.
Destination option: Sri Lanka is NOT the target for Indian IT professionals. It has nothing to do with the country. Most Indian computer programmers are sucked into dollar dreams. The temptation of the West is far too strong for them. Added to this is the general ignorance of the Indians in their neighbouring countries, Sri Lanka will not be on their radar. Even after the launch of the CEPA, I don`t see an influx of Indian IT professionals. On a ridiculous opinion note, which is not supported by facts, the market rating of an Indian information technology professional in the „Groom“ department will decrease considerably if he is not a resident of the West. (As stupid as it may seem, such factors also contribute to it!) For BOI and non-BOI roads, entry into the country is a problem for Indians with work permits. The Ministry of Computer Science charges the employer for advertising in three national newspapers and in all three languages. This makes it a total of 9 ads. A manual calculation for advertising alone will be in the range of 1.5 Lakh LKR. If the potential candidate does not want to fund advertising, it is difficult for companies to pay such amounts on roles that are easy to find in Sri Lanka.