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ARTICLE · 04 MAY 2020

Notwithstanding COVID-19, NAFTA To Be Replaced By CUSMA On July 1

Osler, Hoskin & Harcourt LLP
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On July 1, 2020, the three NAFTA countries will supersede the 26-year-old North American Free Trade Agreement with a new agreement.

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Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
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On July 1, 2020, the three NAFTA countries will supersede the 26-year-old North American Free Trade Agreement with a new agreement, known as the Agreement between the United States of America, the United Mexican States, and Canada (the Agreement), referred to as CUSMA in Canada and USMCA in the United States.

The effective date of the Agreement is dictated by the rules contained in the Protocol to replace NAFTA with the Agreement, which provides that once a country has completed the internal procedures required for the entry into force of the Agreement in its own country, it should notify the other two countries. When the last of the three countries provides its notice, the Agreement comes into force on the first day of the third month following that last notification.

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