USMCA - United States-Mexico-Canada Agreement

The objectives of the subject “United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0)” are to:

1. Understand the aims and institutions of the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0)
2. Assess the benefits and economic impact for the USMCA/NAFTA 2.0 countries
3. Analyse the economic integration process and the foreign trade between Canada, the United States, and Mexico
4. Know the dispute settlement mechanism and Intellectual property rights
5. Understand the USMCA/NAFTA 2.0 Rules of Origin

Description: United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0)

In 1994 was created the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0), a regional trade bloc formed by Mexico, Canada, and the United States (America).

In 2020, the North American Free Trade Agreement (NAFTA) was replaced by the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0) 

1. The United States-Mexico-Canada Agreement eliminates all the import tariffs (15 year period)
2. Under the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0), all Technical Barriers to Trade (TBT) to agricultural trade between the United States and the United Mexican States were eliminated
3. The United States-Mexico-Canada Agreement is one of the largest free trade areas in the World (444 million people)
4. Under the United States-Mexico-Canada Agreement (USMCA/NAFTA 2.0), Foreign Trade in goods between the United States, Canada, and Mexico has tripled (946 billion dollars)
5. International trade in goods between the USMCA/NAFTA 2.0 members - the United States, Canada, and Mexico-: 2.6 billion dollars each day (108 million each hour)

The three USMCA/NAFTA 2.0 countries (Mexico, Canada, and the United States) are mostly Christian countries

The United States-Mexico-Canada Agreement is an FTA between the Latin American and the North American Economic Areas (Western-Christian Civilisation).

Puerto Rico

1. Canadian Free Trade Agreements (FTA): APEC, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, European Union, EFTA, Jordan, ASEAN, India, Honduras, Panama, Colombia, Peru, Chile, Costa Rica...
2. US Free Trade Agreements: APEC, African Growth and Opportunity Act, WAEMU, East African Community, COMESA, Bahrain, Oman, Jordan, Morocco, European Union, South Korea, Australia, Singapore, ASEAN, Chile, Colombia, Peru, Central America, Panama, Caribbean Basin Initiative...
3. Mexican Free Trade Agreements: Northern Triangle, Andean Community, European Union, EFTA, MERCOSUR, Costa Rica, Nicaragua, Colombia, Uruguay, Chile, Japan, Israel, ALADI...