On July 1, 2020, the United-States-Mexico-Canada Agreement (USMCA) entered into force, replacing the 26-year-old North American Free Trade Agreement (NAFTA). The U.S. government has taken several steps toward implementation via executive order and proposed regulations, but the legal framework remains a work in progress.
The U.S. government has taken steps to allow the United States–Mexico–Canada Agreement (USMCA) to enter into force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA). On April 24, 2020, the United States Trade Representative (USTR) notified Congress that Canada and Mexico had taken additional measures to comply with their commitments under the USMCA. The U.S. government also notified the governments of Mexico and Canada that it had completed its domestic procedures to implement the Agreement. Pursuant to its terms, the USMCA will come into force on the first day of the third month after all three Parties certify their readiness for implementation (and of the three parties, the United States was the last to issue these notifications). Continue reading →
Global Trade & Sanctions Law