Consejo Mexicano de Asuntos Internacionales

Última actualización:
2024-03-27 17:27

USMCA AT TWO: HOW TO MEASURE NORTH AMERICAN SUCCESS?

Fecha Publicación: 21-06-2022

July 1st marks the second anniversary of the US-Mexico-Canada trade agreement (USMCA). The first two years look promising, but it is not yet clear if the outcomes will be sufficient to retain public and political support when the agreement is reviewed in 2025-26. Given USMCA’s economic importance for jobs and business across the continent, we should be thinking through the best ways to judge the agreement’s success and to keep the public well informed.

The trade pact was passed with overwhelming support in the three countries, including from US democrats and republicans. It provides forward-looking paths to address North America’s pressing trade challenges, including digital and other transformations in the economy, supply chain resiliency, global competitiveness, plus labor and environmental issues. The US had taken priority themes, such as labor rights, digital trade, and inclusiveness, from USMCA to inform new economic partnerships with the Americas, the Indo-Pacific, and Europe.

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