The USMCA Trade Deal is Here!
The new trade agreement for North America took effect July 1, ushering in tougher labor, content and wage requirements.
June 30, 2020 at 01:32 PM
4 minute read
The original version of this story was published on Law.com International
The U.S.-Mexico-Canada trade agreement took effect Wednesday, July 1, after the coronavirus laid bare the importance of shoring up North American supply chains and manufacturing when countries in the region found themselves scrambling for locally produced medical supplies and technology. Even today, all three economies are now sorely hurting after months of quarantines.
"Now more than ever, it is crucial that the three parties think as a trade bloc and not as separate countries," said Adriana Ibarra-Fernandez, a partner with Baker McKenzie in Mexico City who once served as legal director of rules of origin, customs procedures and safeguards in the Mexican Economy Ministry.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250