Common Contracts

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THE UNITED STATES-MEXICO-CANADA AGREEMENT (USMCA)
July 21st, 2017
  • Filed
    July 21st, 2017

The United States, Canada, and Mexico reached a trilateral agreement as part of the renovation of the North American Free Trade Agreement (NAFTA) on September 30, 2018. Preliminarily styled the United States- Mexico-Canada Agreement (USMCA), the text is available at https://ustr. gov/trade-agreements/free-trade-agreements/united-states-mexico- canada-agreement/united-states-mexico. The negotiators from all three countries deserve high praise for their efforts to conclude the deal at a rapid timing and tempo. The available text nevertheless has some deficiencies, including missing references to “Canada”, in multiple areas. It is important for all companies to commence reviewing the text to determine the potential impacts on their operations. While many of the NAFTA’s provision are left intact, there will be changes for ALL companies. The time is now to begin these preparations. Dickinson Wright is available to assist.

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