And Then There Were Three: The U.S., Mexico and Canada Agree to Sign the New USMCA

And Then There Were Three: The U.S., Mexico and Canada Agree to Sign the New USMCA

Canada just joined the United States and Mexico in agreeing to sign on to a modernized NAFTA, which will become known as the US-Mexico-Canada Agreement (“USMCA”). The U.S. and Mexico entered their agreement a little over a month ago, and there was a concerted push to conclude the agreement (with or without Canada) before Mexican […]

NAFTA Is Dead – Long Live the “U.S. – Mexico Trade Agreement” in Principle?

NAFTA Is Dead – Long Live the “U.S. – Mexico Trade Agreement” in Principle?

Today, the Office of the U.S. Trade Representative (USTR) announced that the United States and Mexico reached a “preliminary agreement in principle,” subject to finalization and implementation, to update the North America Free Trade Agreement (NAFTA). The USTR stated that the preliminary accord contains “modern provisions representing a 21st century, high-standard agreement.” The agreement, which will […]