On September 30, 2018, the US, Mexico and Canada announced the
successful conclusion of talks to replace the North American Free
Trade Agreement (NAFTA). The US-Mexico-Canada Agreement (USMCA)
contains a number of chapters not included in the original deal,
including sections on digital commerce, currency policies and
state-owned enterprises (SOEs). Other standard chapters –
such as Intellectual Property, Rules of Origin, and Sanitary and
Phytosanitary (SPS) Measures – have also been updated to
reflect the 21st century economy. Companies operating in North
America must now closely examine the deal to determine how it could
impact their supply chains. (For an actual/prospective
timeline for Congressional consideration of the USMCA, click here).
