Canada-US-Mexico Agreement (CUSMA) Approved

March 19, 2020

On March 13, 2020, Bill C-4, the Canada-United States-Mexico Agreement Implementation Act was approved by the House of Commons, the Senate and received Royal Assent, the last step in formal ratification of the tri-lateral agreement to replace the North American Free Trade Agreement (NAFTA).

Mexico and the United States had previously ratified the Agreement. Canadian approval means that the parties must now agree on implementation regulations, including naming each country’s representatives for the dispute resolution mechanism.

This was posted on the Baker & McKenzie LLP blog.

Topic(s)

Trade Agreements

Information source

Industry Publication

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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