The passage of the United States-Mexico-Canada Agreement (USMCA) through the U.S. Congress with overwhelming bipartisan support, as well as with strong political backing in Canada and Mexico, underscored the importance of USMCA for North American trade and economic relations.[1] It builds on the North American Free Trade Agreement (NAFTA) and largely retains NAFTA’s commitment to lowering trade barriers although it rolls back trade openness in the auto sector. USMCA also adds robust new and timely commitments, particularly on digital trade, labor, and the environment.
USA/Mexico/Canada. Developing a roadmap for USMCA success (Joshua P. Meltzer, Brookings)
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