US-Mexico-Canada Agreement

The US-Mexico-Canada Agreement (USMCA) which replaces the North America Free Trade Agreement (NAFTA) has been approved by the Senate on January 16, 2020 and the President Trump is expected to sign it shortly.

The USMCA retains most of the preferential tariff provisions in NAFTA, except for non-tariff measures in the areas of intellectual property rights and enforcement, automotive, logistics, and pharmaceuticals.  Once the USMCA is signed, enterprises can expect an stability going forward in the trades between the three countries, at least for the next 16 years (USMCA contains a sunset provision that takes effect in 16 years).

The text of the USMCA can be found at