Canada in International Trade Agreements
Canada United States Mexico (CUSMA)
Total Marks: 15% of the final grade (Report 15%)
15% of the final grade (Video Presentation 15%)
On July 1, 2020, the new Canada, United States and Mexico Agreement (CUSMA) replaced the previous trade agreement NAFTA. NAFTA acts as a base for this new agreement. There were multiple rounds of talks and negotiations to reach this agreement.
In your term project, you will be working in a group of four (4) students to do research on CUSMA. Your research report will address the following topics on trade between Canada, United States and Mexico.
Part A – NAFTA and CUSMA
- Give a brief history of NAFTA and why it was required?
- Discuss the key highlights of NAFTA.
- Why a new trade agreement was required to replace NAFTA?
- Write and analyze the main highlights of CUSMA.
- Which clauses of NAFTA were retained in CUSMA?
- How CUSMA differs from NAFTA?
- What benefits and opportunities CUSMA offers for the Canadian companies?
- What type of politics was involved during the entire negotiations process?
- Some industries/businesses in Canada may feel threatened by CUSMA. What type of threats Canadian businesses are facing from their US and Mexican competitors.
- How businesses have addressed these threats?
- How Canadian government has addressed theses concerns?
- Any recent issues or trade disputes that emerged after CUSMA?
- How these issues have been resolved?
- Impact of COVID on trade under CUSMA.
Part B – Industry specific analysis
- Select one Canadian Industry (like agriculture, automotive, fish and seafood etc.)
- Search and list top five Canadian companies doing business with CUSMA in the selected industry.
- You will analyze the top three Canadian companies from the list and write a note on each company based on the following outline.
a) Main business
b) Brief history
c) Product or service
d) Over all business volume with CUSMA (or NAFTA)
e) Main markets (countries) in CUSMA
f) Positive or negative changes in overall business volume with US and Mexico after the implementation of CUSMA
g) How can these businesses become more competitive?
h) Any additional interesting finding or information regarding the industry.
- Conclusion
- References
Submission details:
- Work in a team of four (4-5) students.
- Arrange a group meeting before Week 5 class. Inform your professor about the selected industry in the class of Week 5.
- Write a 15 -20 Page Report (excluding title page, table of contents, executive summary and reference page). Use proper formatting with uniform headings and sub-headings. Suggested font is Times New Roman or Arial in size 12 with 1.5 line spacing.
- Use in-text citations using MLA style and cite all the sources in in-text citations as well as referenced properly at the end of the report as References or Works Cited.
- Your own analysis based on research will get your more marks. Submit a well-written report with headings and sub headings, proper paragraphs, tables, diagrams etc. Revise for language related mistakes and typos before submission.
- Ensure that your submission meets the minimum requirements for Academic Integrity. Fully or partially copied reports; reports with a few or no citations; may be referred to Academic Integrity Committee depending on the violation of Seneca’s Academic Integrity Policy.
- Report must be submit online via blackboard (one submission per group) using Safe Assign.
- All group members must submit peer-evaluation forms.
- See the attached rubric for breakdown of marks and weightage for each section.
Report Submission Deadline: Check Blackboard Assessments Section for Due Date for your class
Video Presentation Deadline: Check Blackboard Assessments Section for Due Date for your class
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