Modernizing NAFTA into a 21st Century Trade Agreement
The United States, Mexico, and Canada have reached an agreement to modernize the 24-year-old NAFTA into a 21st century, high-standard agreement. The new United States-Mexico-Canada Agreement (USMCA) will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.
Chapters with Key Achievements include:
Intellectual Property
Digital Trade
De minimis
Financial Services
Environment
Strengthening North American Trade in Agriculture
While agriculture has generally performed well under NAFTA, important improvements in the agreement will enable food and agriculture to trade more fairly, and to expand exports of American agricultural products.
Key Achievements include:
Expanded Market Access for American Dairy, Poultry & Egg Products
Canada’s Milk Classes 6 & 7 to be Eliminated
Mechanism for Cooperation on Ag Biotechnology, Including New Technologies such as Gene Editing
Significant Commitments to Avoid Trade-Distorting Policies
Fair Treatment in Quality Grading for American Wheat
Non-Discrimination and Transparency Commitments Regarding the Sale and Distribution of Alcohol Beverages
