23 Apr Should the U.S.-Mexico-Canada Agreement Substitute NAFTA?
NAFTA was implemented on January 1, 1994, and supersedes the U.S.-Canada Free-Trade Agreement (CFTA) that took effect on January 1, 1989. The North American Free Trade Agreement is an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.
The USMCA is a non-ratified free trade agreement between Canada, Mexico, and the United States.
Proponents believe that The USMCA will provide a much-needed modernization of the trading relationship between the U.S., Mexico, and Canada. On the contrary, the opponents claim that while it may be bipartisan, the USMCA doesn’t do enough to open markets in Mexico & Canada to U.S. exporters or contain strong enough protections for the environment and workers.
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Should the U.S.-Mexico-Canada Agreement Substitute NAFTA?