Trade Flashcards

1
Q

Significant Legislation

In 1995, the Interstate Commerce Commission was formally abolished, shifting its remaining powers to the ____ ____ ____

A

Surface Transportation Board

Book Page 12

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2
Q

Significant Legislation

Congress scope went beyond domestic motor carriage when it voted to approve the ____ ___ ____ ____ ___ between Mexico, Canada and the United States in late 1993.

A

North American Free Trade Agreement

Book Page 12

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3
Q

Significant Legislation

In ___(year), both countries agreed to establish a NAFTA trucking Demonstration Project

A

2007

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4
Q

Significant Legislation

In ____, the United States unilaterally stopped the Demonstration Project and, shortly thereafter, Mexico established compensatory tariffs on a variety of U.S. exports to Mexico.

A

2009

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5
Q

Significant Legislation

In 2009, the United States unilaterally stopped the Demonstration Project and, shortly thereafter, Mexico established compensatory tariffs on a variety of U.S. exports to Mexico. These tariffs are estimated to have cost American businesses an estimated $___ billion

A

$2.4 billion

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6
Q

Significant Legislation

On ___ ___ __ (month, day, year), the U.S. DOT released a Concept Document to re-engage Mexico, the U.S. Congress, and interested stakeholders in discussions to implement NAFTA trucking

A

January 6, 2011

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7
Q

Significant Legislation

On ___ ___ __(month, day, year), the first Mexican truck rolled over the border, bound for Dallas with a load of steel drilling equipment .

A

October 21, 2011

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8
Q

Significant Legislation

The NAFTA Trucking Pilot officially ended ___ ___ ___(month, day, year)

A

October 10, 2014

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9
Q

Significant Legislation

For over ____ years, the US and Mexico struggled to implement NAFTA trucking provisions.

A

15

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10
Q

Significant Legislation

On ___ ____, (M) (Y) President Donald Trump provided a written notice to Congress to initiate the negotiations to modernize NAFTA

A

May 2017

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11
Q

FMCSA issued certificates of standard and provisional operating authority registration to the ___ Mexican domiciled motor carriers who participated in the Pilot Program at its completion

A

13

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12
Q

What became the framework for a new Pilot Program

A

Concept Document

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13
Q

Significant Legislation

Congress scope went beyond domestic motor carriage when it voted to approve the North American Free Trade Agreement between Mexico, Canada and the United States in late _____(year)

A

1993

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14
Q

Significant Legislation

____ ___ ____ ____ ___ eased trade restrictions by eliminating tariffs and reducing limitation on the movement of goods across North American’s borders to the north and south

A

North American Free Trade Agreement

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15
Q

Significant Legislation

On January 6, 2011, the _____ released a Concept Document to re-engage Mexico, the U.S. Congress, and interested stakeholders in discussions to implement NAFTA trucking

A

U.S. DOT

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16
Q

A __ day comment period, negotiations between the U.S., Mexico and Canada commenced

A

90 day

Book page 13

17
Q

In ___(M)___(Y), all three countries formally agreed to a new trade agreement, base on NAFTA

A

October 2018

page 13

18
Q

The agreement was signed by the three countries on __(M)___(D)___(Y)

A

November 30, 2018

page 13

19
Q

United States of America, the United Mexican States, and Canada (USMCA) was entered into force on ___ ___ ___

(M)(D)(Y)

A

July 1 2020

page 14