U.S.-Mexico-Canada Agreement
The U.S.-Mexico-Canada Agreement (USMCA) is a trade deal that replaced the North American Free Trade Agreement (NAFTA) in 2020. It aims to enhance trade between the three countries: the United States, Mexico, and Canada. The agreement focuses on modernizing trade rules, improving labor standards, and increasing environmental protections.
USMCA includes provisions for automobile manufacturing, dairy market access, and intellectual property rights. It also encourages digital trade and aims to create a more balanced trade environment. Overall, the agreement seeks to promote economic growth and strengthen the relationships among the three nations.