So Long NAFTA, Hello USMCA

What the new trade deal means for North America

The United States of America, Canada and Mexico on September 30th announced an agreement for an updated NAFTA, under the name of the United States, Mexico and Canada Agreement, or USMCA.

The full text of the agreement was made public, triggering a 60-day U.S. requirement for the agreement to be signed on November 30 — the last day Mexican President Enrique Peña Nieto will be in office.

After more than a year of negotiations, the new agreement is being reviewed carefully for its potential economic impact in each North American market, and its ability to advance economic integration, trade, cross-border investment and competitiveness across the region.

Here is a summary of how the agreement looks for each of the members according to our experts in each market.

For new business inquiries, please contact Ellen DeMunter at EDeMunter@webershandwick.com.

Edited by Delaney McMullen