The United States-Mexico-Canada Agreement (USMCA),1 which entered into force on July 1, 2020, updated and in some respects significantly changed the original North America Free Trade Agreement (NAFTA) that had been in effect since January 1, 1994.
After several years of negotiation, the United States-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020. The USMCA updated and in some respects significantly changed the original North America Free Trade Agreement (NAFTA) that had been in effect since January 1, 1994.
The first formal trade dispute under the U.S.-Mexico-Canada Agreement (USMCA), the renegotiated version of the North American Free Trade Agreement (NAFTA), is moving to a new phase, with a legally-binding panel decision against Canada’s allocation of dairy Tariff Rate Quotas (TRQs)