The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced the North American Free Trade Agreement (NAFTA) to enhance economic cooperation among the United States, Canada, and Mexico. Its implementation began on July 1, 2020, aiming to create fairer trade practices, improve labor standards, and increase environmental protections.
USMCA focuses on various sectors, including agriculture, manufacturing, and digital trade. It introduces new rules for automobile production, strengthens intellectual property rights, and promotes small businesses. The agreement is designed to benefit all three countries by fostering economic growth and job creation while addressing modern trade challenges.