X
XLinkedinWhatsAppTelegramTelegram
0
Read this article in:

A new Canada-United States-Mexico Agreement

On November 30, 2018, Canada, the United States and Mexico signed the new Canada-United States-Mexico Agreement (CUSMA), on the margins of the G20 leaders’ summit in Buenos Aires.

4 December 2018
X
XLinkedinWhatsAppTelegramTelegram
0

Parties will now undertake their domestic process towards ratification and implementation of the CUSMA.

The CUSMA outcomes preserve key elements of this trading relationship and incorporate new and updated provisions that seek to address 21st-century trade issues and promote opportunities for the nearly half a billion people who call North America home.

In 1994, the United States, Mexico and Canada created the largest free trade region in the world with the North American Free Trade Agreement (NAFTA), generating economic growth and helping to raise the standard of living for the people of all three member countries. By strengthening the rules and procedures governing trade and investment, this agreement has proved to be a solid foundation for building Canada’s prosperity and has set a valuable example of the benefits of trade liberalization for the rest of the world. The new Canada-United States-Mexico Agreement will serve to reinforce Canada’s strong economic ties with the United States and Mexico.

Highlights

Since 1994, NAFTA has generated economic growth and rising standards of living for the people of all three member countries.

In 2017, total trilateral merchandise trade (the total of each country’s imports from one another) reached nearly US$1.1 trillion.

Total merchandise trade between Canada and the United States has more than doubled since 1993, and has grown over nine-fold between Canada and Mexico.

Friday November 30, 2018/ Government of Canada/ Canada.
https://www.international.gc.ca

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

You are not subscribed to this list pig333.com in 3 minutes

Weekly newsletter with all the pig333.com updates

Log in and sign up on the list

Related articles