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U.S. Congress Approves New Trade Agreement with Canada and Mexico

22 January 2020

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Approved Changes

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United States-Canada-Mexico

The U.S. Senate approved the passage of the United States-Mexico-Canada Agreement (USMCA) on 16 January 2020. The USMCA was passed earlier in the House of Representatives on 19 December 2019. The agreement was signed on 30 November 2018 to revise and replace the North American Free Trade Agreement (NAFTA) and will enter into force and supersede the NAFTA on the first day of the third month after all parties have notified each other of their ratification. Mexico ratified the agreement in July 2019, and Canada is reportedly planning to formally ratify the agreement during the week of 27 January 2020....