ARTICLE
7 December 2018

The New Legal Landscape Of North American Trade

BC
Blake, Cassels & Graydon LLP

Contributor

Blake, Cassels & Graydon LLP (Blakes) is one of Canada's top business law firms, serving a diverse national and international client base. Our integrated office network provides clients with access to the Firm's full spectrum of capabilities in virtually every area of business law.
On September 30, 2018, Canada and the United States announced that they, together with Mexico, agreed to a new trilateral trade agreement, which was signed on November 30, 2018.
Canada International Law

On September 30, 2018, Canada and the United States announced that they, together with Mexico, agreed to a new trilateral trade agreement, which was signed on November 30, 2018.

The agreement will be referred to differently in each country: Canada-United States-Mexico Agreement (CUSMA) in Canada, United States-Mexico-Canada Agreement (USMCA) in the U.S., and Tratado entre México, Estados Unidos y Canadá (TMEC) in Mexico. Once ratified, the new trade deal will replace the existing trilateral North American Free Trade Agreement.

The agreement is expected to come into force on January 1, 2020, and will affect many industries including oil and gas, automotive, agriculture, textiles and apparel, alcoholic beverages, and many others.

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