United States Mexico Canada Trade Agreement

The FDA was an important member of the U.S. team negotiating the U.S.-Mexico-Canada Agreement (USMCA), which went into effect on July 1. From the FDA`s perspective, the agreement meets regulatory standards with the practices of authorities, improves the quality of products available to U.S. consumers, and improves the competitive environment for U.S. companies. • Support a twenty-first century economy by protecting U.S. intellectual property and ensuring opportunities for trade in services in the United States. On December 12, 2019, the Mexican Senate adopted the revised treaty by 107 votes to 1. [89] On April 3, 2020, Mexico announced that it was ready to implement the agreement and join Canada,[15] although it requested that its automotive industry have additional time to comply with the agreement. [90] Regardless of this, on May 11, 2018, House of Representatives spokesman Paul Ryan set May 17 as the deadline for congressional action.

This deadline was not met and the agreement with Mexico was only concluded on 27 August 2018. [33] At that time, Canada had not yet approved the submitted agreement. Given that the outgoing President of Mexico, Enrique Peña Nieto, left office on 1 December 2018 and that 60 days of revision are required, the deadline for the submission of the agreed text was 30 September 2018, which was reached precisely on 30 September. Negotiators worked 24 hours a day and reached agreement on a draft text less than an hour before midnight on that date. The following day, October 1, 2018, the USMCA text was released as an agreed document. [16] [17] [18] [19] The text of the agreement was signed on 30 November 2018 by the Heads of State or Government of the three countries as a secondary event to the G20 Summit in Buenos Aires, Argentina, on 30 November 2018. [34] The English, Spanish and French versions will be equally authentic and the agreement will enter into force after ratification by the three states through the adoption of enabling legislation. [35] During his election campaign and presidency in 2016, Trump was highly critical of NAFTA (often seen as “perhaps the worst trade deal ever made”) [105] and hailed USMCA as “a great deal for all of us.” [106] However, the USMCA is very similar to NAFTA, having transferred many of the same provisions and making only modest amendments, most often cosmetic,[107] and is expected to have little economic impact. [108] Former United States.