USMCA - What you need to know about the "New NAFTA"

After two years of seesaw negotiations, Canada, the United States and Mexico signed a new North American trade agreement to replace NAFTA on November 30, 2018. The USMCA (or CUSMA in Canada) still needs to be ratified by all three countries before it comes into effect.

The CCPA participated in consultations to inform the government’s position on the new NAFTA, was present at multiple negotiating rounds and continues to analyze the legal text of the final agreement from a public interest perspective.

The USMCA replicates many regressive features of previous corporate-biased trade agreements and pushes those boundaries with costly intellectual property restrictions and “deregulatory co-operation” rules. But it also includes some positive steps that have long been demanded by the CCPA and Canadian civil society, including the elimination of investor-state dispute settlement between Canada and the U.S.

From the Behind the Numbers blog



The “New NAFTA”: Red Tape for Regulators? The CCPA’s Stuart Trew and Sharon Treat of the U.S.-based Institute for Agriculture and Trade Policy explain how the USMCA’s chapters on technical barriers to trade, sanitary and phytosanitary standards and “good regulatory practices” will put hurdles in the way of environmental, public health and consumer protection policies. (Webinar recorded on Nov. 16, 2018.)