International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Saturday, July 4, 2020

Happy 4th July - USMCA Entered Into Force

The U.S. Council for International Business (USCIB), which represents many of America’s leading global companies, welcomes the 1 July 2020 entry into force of the United States-Mexico-Canada Agreement (USMCA) trade agreement, preserving and deepening the economic ties in North America and bolstering the global competitiveness of our companies and workers. The implementation of this agreement comes at a critical time of restoring certainty to U.S. industry in the North American market, as the global market is working toward recovery from the impacts of the current crisis.

The three partner countries must continue to work together to ensure effective implementation of this agreement, so that the benefits of the agreement in its updated and modernized provisions including on digital trade and customs can be realized. Over 12 million American jobs depend on trade with Canada and Mexico, and continuing to build on this economic relationship is important for U.S. industry for future economic growth. USCIB looks forward to a seamless transition to the new agreement.

UNITED STATES–MEXICO–CANADA TRADE FACT SHEET

https://lawprofessors.typepad.com/intfinlaw/2020/07/happy-4th-july-usmca-entered-into-force.html

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