On September 30, 2018, Canada and the United States announced that they, together with Mexico, agreed to a trilateral United States-Mexico-Canada Agreement (USMCA). Once ratified, the USMCA will replace the existing trilateral North American Free Trade Agreement.
The USMCA 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.
Please see the following related articles:
- The Ins and Outs of Canada's New Trade Agreement and NAFTA Replacement, the USMCA
- USMCA Eliminates Investor-State Arbitration for Canada – What It Means for Investors
- USMCA to Remove "in Canada" Record-Keeping Requirements for Financial Institution Sectors
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