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ARTICLE · 04 OCTOBER 2018

The New NAFTA: 5 Things To Know

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The Trump administration announced Sunday night that trade ministers from the U.S., Mexico and Canada had reached agreement on revisions to the 1994 North American Free Trade Agreement, the framework for $1.2 trillion

United StatesInternational Law
Christian B. Jones
Christian B. Jones
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The Trump administration announced Sunday night that trade ministers from the United States, Mexico and Canada had reached agreement on revisions to the 1994 North American Free Trade Agreement, the framework for $1.2 trillion of annual trade among the three countries.

The text of the agreement and side letters can be found here.

Here are five things to know about the trade agreement:

1. What's in a name?

It's not the new NAFTA. Or even NAFTA 2.0.

The White House says the agreement will be called the "United States-Mexico-Canada Agreement." Trump last month said he liked the abbreviation "USMC" because it's also the abbreviation used for the U.S. Marine Corps.

Trump in August said any new three-party trade agreement would drop NAFTA from its name because NAFTA had negative connotations.

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