Friday, January 10, 2020
Implications of the USMCA.
Mexico’s Senate on December 12 ratified changes to the US-Mexico-Canada Agreement on free trade (USMCA), agreed on December 10. Several important changes were signed by the three governments in Mexico City, altering the original agreement signed in November 2018. Mexico now awaits ratification of the final deal in Washington and Ottawa. If enacted, the accord will replace NAFTA, which has determined the rules of trade among the countries since 1994.