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ARTICLE · 19 OCTOBER 2018

NAFTA 2.0: The Wide-Ranging Impact Of USMCA

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The September 30 agreement that renegotiates NAFTA—United States-Mexico-Canada Agreement (USMCA)—updates the more than two decade old trade deal.

CanadaGovernment, Public Sector
John Terry
John Terry
Nick Kennedy
Nick Kennedy
Myriam Seers
Myriam Seers
T. Ryan Lax
T. Ryan Lax
Ronak Shah
Ronak Shah
Michele Clarizio
Michele Clarizio
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The September 30 agreement that renegotiates NAFTA—United States-Mexico-Canada Agreement (USMCA)—updates the more than two decade old trade deal.

USMCA makes substantial changes to a number of NAFTA chapters. Below we discuss some of the key changes to the provisions regarding investment protections and dispute resolution, automotive manufacturing, privacy, digital trade, and intellectual property. We also comment on the continued steel and aluminum tariffs.

Investment Protections

Although the protections for investments and investors previously set out in NAFTA survive largely intact in USMCA, there are significant changes as to how breaches of those protections are resolved.

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