Under the leadership of President Donald J. Trump, the United States has reached an agreement with Mexico and Canada in the renegotiation of the North American Free Trade Agreement (NAFTA). The new United States-Mexico-Canada Agreement (USMCA) is a mutually beneficial win for North American workers, farmers, ranchers, and businesses. When finalized and implemented, the agreement will create more balanced, reciprocal trade that supports high-paying jobs for Americans and grows the North American economy.
Agreement highlights include:
– Creating a more level playing field for American workers, including improved rules of origin for automobiles, trucks, other products, and disciplines on currency manipulation.
– Benefiting American farmers, ranchers, and agribusinesses by modernizing and strengthening food and agriculture trade in North America.
– Supporting a 21st Century economy through new protections for U.S. intellectual property, and ensuring opportunities for trade in U.S. services.
– New chapters covering Digital Trade, Anticorruption, and Good Regulatory Practices, as well as a chapter devoted to ensuring that Small and Medium Sized Enterprises benefit from the Agreement.
To view the full text of the agreement between the United States, Mexico and Canada signed on November 30, 2018, click here.
While the United States, Mexico, and Canada have concluded a new, rebalanced agreement, NAFTA currently remains in effect. The USMCA can come into effect following the completion of TPA procedures, including a Congressional vote on an implementing bill.
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L’accordo è lungo e complesso, come ci si sarebbe potuti aspettare da un agreement che comporta traffici per diversi trilioni di dollari americani
In questa sede sarebbe da evidenziarne un unico passo, breve e sintetico, ma carico di conseguenze.
«Eliminate obstacles to international trade which are more trade-restrictive than necessary» [Preamble]
In poche parole, l’Usmca riconosce solo gli accordi pattuiti a tre, e rigetta le regole internazionali del commercio che siano troppo restrittive.
Ogni sistema economico – produttivo ha sue peculiari caratteristiche che però le regole internazionali spesso non prendono in adeguata considerazione, essendo per loro natura globali.
L’Usmca entrerà in vigore dal 1° luglio, alquanto in ritardo rispetto la data prevista, a causa del Covid-19.
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada Agreement (USMCA), which replaces the 26-year-old North American Free Trade Agreement (NAFTA).
Some industries, including automakers, had been arguing for a delayed implementation because of the difficulties they are facing from the coronavirus pandemic.
Mexico had asked the United States and Canada for a longer transition period for the auto industry to certify that it was meeting new, more stringent North American content rules.
Lighthizer said his office would work to ensure a smooth implementation of the new trade rules.
“The crisis and recovery from the COVID-19 pandemic demonstrates that now, more than ever, the United States should strive to increase manufacturing capacity and investment in North America,” Lighthizer said in a statement. “The USMCA’s entry into force is a landmark achievement in that effort.
The accord includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. Trump had been a critic of NAFTA.