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The new US-Mexico-Canada trade agreement (USMCA) formally took effect on Wednesday, superseding the 26-year reign of the North American Free Trade Agreement (NAFTA).
The trade agreement, which the US Senate approved in January, contains much of the same text as NAFTA. However, the USMCA updates provisions regarding digital commerce, anti-corruption and food safety.
Further, the deal requires some industries to purchase materials from North America and report wages and sources.
The Wall Street Journal reports that tensions remain between the nations involved, and many issues remain unresolved. Among these issues are Mexico’s labor laws and Canada’s protection of its dairy industry.
The post US-Mexico-Canada trade agreement takes effect appeared first on JURIST - News - Legal News & Commentary.
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The trade agreement, which the US Senate approved in January, contains much of the same text as NAFTA. However, the USMCA updates provisions regarding digital commerce, anti-corruption and food safety.
Further, the deal requires some industries to purchase materials from North America and report wages and sources.
The Wall Street Journal reports that tensions remain between the nations involved, and many issues remain unresolved. Among these issues are Mexico’s labor laws and Canada’s protection of its dairy industry.
The post US-Mexico-Canada trade agreement takes effect appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.