General region overview
There is significant disruption to business across North America from the impact of COVID-19. This disruption is putting pressure on business operations in the region, and many other operations elsewhere. United States Federal Reserve Chair Jerome H. Powell has said, "The virus presents significant economic challenges" as workers are forced to quarantine themselves to mitigate the spread of disease across the US and Canada.
All major trade shows and events in the US and Canada have been postponed or cancelled.
Currently, there is no evidence to support transmission of COVID-19 associated with imported goods. As such, there is no change to the regulatory settings for trade with the US or Canada, and no additional sanitary or phytosanitary requirements are required by the United States or Canadian Governments on market access for primary sector products exports and imports.
Cargo movement is not restricted under the recent US travel restrictions or in Canada, and ocean freight cargo is still moving freely. However, the significant reduction of passenger flights by airlines (which handle 50 percent of all airfreight) will have a serious impact.