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ARTICLE · 11 OCTOBER 2018

NAFTA Reintroduced As USMCA: What You Need To Know

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After lengthy and intense negotiation, the North American Free Trade Agreement (NAFTA) has been reintroduced as the United States-Mexico-Canada Agreement (USMCA), the new tri-party trade...

CanadaInternational Law
Hon. David R. Peterson, P.C., K.C.
Hon. David R. Peterson, P.C., K.C.
Brenda C. Swick
Brenda C. Swick
Noble C. Chummar
Noble C. Chummar
A. Chandimal Nicholas
A. Chandimal Nicholas
Tegan O'Brien
Tegan O'Brien
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Introduction

After lengthy and intense negotiation, the North American Free Trade Agreement (NAFTA) has been reintroduced as the United States-Mexico-Canada Agreement (USMCA), the new tri-party trade deal to establish various tariffs, measures, and protections between the party nations. The earliest the agreement can be signed by the parties is November 29, 2018. However, each country must also go through its own ratification and implementation process and there may be changes to the deal as a result. While the deal will likely not come into effect until mid 2019 at the earliest, here are some high-level implications that will affect various sectors in the market.

We will be following the status of the USMCA and post more detailed information on various sectors as more information becomes available.

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