New USMCA Trade Agreement to Replace NAFTA on July 1, 2020

As confirmed by each participating country, the United States – Mexico – Canada Agreement (USMCA or CUSMA) is scheduled to become effective July 1, 2020. Replacing the North American Free Trade Agreement (NAFTA), the updated agreement allows the three countries to continue their ongoing tariff-free trade in qualifying goods and services within North America. All…