United States-Mexico-Canada Agreement

The United States-Mexico-Canada Agreement (USMCA)' is a summary and commentary on the most important new trade agreement for the United States (U.S.). On July 1, 2020, after much expectation and delay, the new USMCA - a greatly revised version of the North American Free Trade Agreement (NAFTA) of 1994 - came into effect. The USMCA is a long-awaited response to a U.S. initiative to renegotiate NAFTA. As a key regional trade agreement with vast global ramifications, familiarity with its content and rules is essential for all business, legal, policymaking, and academic parties concerned with international trade. This preeminent guide to NAFTA summarizes the contents of the third and last edition of the book providing an in-depth chapter-by-chapter analysis of the new agreement, clearly describing what has changed from the earlier agreement and what is new.