Revised Nafta Agreement

The agreement extends other intellectual property rights protections, such as extending copyright protection for 50 years in NAFTA to 70 years. It also contains new criminal penalties for the theft of trade secrets, including cyber theft. The system can no longer be used in disputes between the United States and Canada and is limited to disputes between Mexico and the United States, which concern a wide range of sectors, including petrochemicals, telecommunications, infrastructure and power generation. On March 1, 2019, many organizations representing the agricultural sector in the United States announced their support for the USMCA and asked Congress to ratify the agreement. They also called on the Trump administration to maintain NAFTA until the new trade agreement is ratified. [70] On the 4th However, House Ways and Means president Richard Neal predicted a “very difficult” path through Congress for the deal. [71] Beginning March 7, senior White House officials met with members of the House Ways and Means as well as moderate caucuses from both sides, such as the Solvers Caucus, the Tuesday Group, and the Blue Dog Coalition, to gain support for ratification. The Trump administration has also withdrawn from the threat to withdraw from nafta, as negotiations with Congress continue. [72] On June 19, 2019, the Mexican Senate ratified the agreement (114 yes, 3 no, 3 abstentions). [88] Mexico`s ratification procedure will be completed when the President announces ratification in the Federal Register.

In an annex to the agreement, Mexico also pledged to adopt far-reaching legislative changes to combat forced labour and violence against workers and to allow independent trade unions and labour courts. The International Trade Commission has estimated that if the changes are made, they will increase the wages of Mexican unionized workers and reduce their pay gap with American workers. Given that trade and globalization are contributing to the climate crisis, it is important to have a new NAFTA that not only does not worsen the crisis, but also helps to address it. While some of the worst aspects of NAFTA have disappeared in its new iteration, it`s still a toothless deal to tackle the climate crisis — in fact, it`s making it worse. On May 30, Robert E. Lighthizer presented to Congress a draft statement on administrative measures relating to the implementation of the Agreement between the United States, Mexico and Canada (USMCA and the new NAFTA), pursuant to the Presidential Trade Promotion Authority (TPA) Act 2015. The project will submit USMCA enforcement legislation to Congress after 30 days, or after June 29. In a letter [73] sent to Nancy Pelosi, spokeswoman for the House of Representatives, and Kevin McCarthy, the minority leader of the House of Representatives, the Republicans, Lighthizer said that the USMCA is the gold standard in U.S. trade policy, modernizes competitive digital commerce, intellectual property, and U.S. services, and creates a level playing field for U.S. companies, workers and farmers. an agreement that represents a fundamental reorientation of trade relations between Mexico and Canada.

National procedures for ratifying the agreement in the United States are governed by the legislation of the Trade Promotion Authority, which is also known as “Fast Track”. The agreement is referred to differently by each signatory – in the United States, it is called the Agreement between the United States, Mexico and Canada (USMCA). [1] [23] In Canada, it is officially known as the Canada-United States-Mexico Agreement (CUSMA) in English[24] and the Canada-United States-Mexico Agreement (CUSMA) in French; [25] and in Mexico, tratado entre México, Estados Unidos y Canadá (T-MEC) is called. [26] [27] The agreement is sometimes referred to as “New NAFTA”[28][29], in line with the previous trilateral agreement intended to replace it, the North American Free Trade Agreement (NAFTA). . . .