Prime Minister of Canada welcomes new United States-Mexico-Canada Agreement

October 1, 2018

The Prime Minister, Justin Trudeau, today welcomed an agreement-in-principle between Canada, the United States, and Mexico on a modernized trade agreement – the United States-Mexico-Canada Agreement (USMCA)...

Following more than a year of negotiations, the three countries have reached understandings in key areas, including rules of origin for automotive manufacturing, agriculture, labour, intellectual property rights, culture, and dispute settlement. Further, Canada has ensured that any US Section 232 tariffs will not impact Canadian auto and auto parts exports. Canada has successfully preserved key elements of the original NAFTA, while building on the agreement to expand opportunity and improve protections for workers across North America. The resulting agreement offers crucial predictability and stability for Canadian businesses, investors, traders, workers, and innovators...

This was excerpted from 1 October 2018 news release by the PMO.

Topic(s)

Trade Agreements

Information source

Global Affairs Canada (GAC)

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