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The New North American Trade Deal Will Come Into Force On July 1

The New North American Trade Deal Will Come Into Force On July 1

US trade negotiator Robert Lighthizer has notified the US Congress that the New United States-Mexico-Canada Trade Fact Sheet (USMCA) will take effect on July 1, 2020. The corresponding statement was published on Friday on the official website of Lighthizer's office.

Lighthizer notified Congress that "Canada and Mexico have taken the steps necessary to meet all their obligations under the USMCA," the statement said.

The office of the US trade representative noted that the changes adopted under the new trade agreement "will create new jobs, provide better labor protection and expand market access, creating new opportunities for American workers, farmers, and ranchers."

Canada, Mexico, and the United States agreed to a new trade agreement (USMCA) in September 2018. It will replace the North American Free Trade Agreement (NAFTA), which has been in force since 1994. Mexico was the first to ratify the new Treaty, trump signed it in late January, and later the Canadian authorities completed the procedure for ratifying the Treaty.

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