New North American trade pact to take effect July 1
Monday, April 27, 2020 | Tag Cloud Tags: Canada, Congress, coronavirus, EU, Mexico, News, Trade, virus, Worthy News | Learn about out FREE SYNDICATION
(Worthy News) – U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada Agreement (USMCA), which replaces the 26-year-old North American Free Trade Agreement (NAFTA).
Some industries, including automakers, had been arguing for a delayed implementation because of the difficulties they are facing from the coronavirus pandemic. [ Source: Reuters (Read More…) ]
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