Trade Cases
October 2, 2018
Last-Minute Talks Yield New NAFTA--USMCA
Written by Sandy Williams
After months of contentious bargaining, the U.S. has reached a new trilateral trade agreement with Canada and Mexico to replace NAFTA. In last minute negotiations, Canada agreed to give the U.S. increased dairy market access while retaining the Chapter 19 trade remedy dispute settlement.
The new treaty, to be called the U.S.-Mexico-Canada Agreement (USMCA), will require approval by the U.S. Congress, but has met the deadline to allow outgoing Mexican President Enrique Peña Nieto to sign it before leaving office on Dec. 1.
