The trade agreement provides for significant market access improvements for U.S. agriculture, including provisions on market access for dairy products, sanitary and phytosanitary measures, biotechnology, and geographical indications. The implementation phase can begin with the ratification of the USMCA in Canada. The Trump administration will work to get the new trade deal in effect by late spring. Following the U.S. Senate`s approval of the USMCA, the latest obstacle to its ratification in the United States after a long process of negotiations, Prime Minister Justin Trudeau reiterated his commitment to adopt the agreement, which is known in Canada as the Canada-United States-Mexico Agreement (CUSMA) during his tenure. The three member states have already approved the agreement in December, ahead of their respective ratification processes. The North American Free Trade Agreement (NAFTA), signed by Prime Minister Brian Mulroney, Mexican President Carlos Salinas and U.S. President George H.W. Bush, entered into force on January 1, 1994. NAFTA has created economic growth and a rising standard of living for the citizens of the three member states. By strengthening trade and investment rules and procedures across the continent, NAFTA has proven to be a solid foundation for building Canada`s prosperity.
NAFTA replaced Canada-U.S. Free Trade Agreement (CUFTA). Negotiations on CUFTA began in 1986 and the agreement entered into force on 1 January 1989. The two nations agreed on a historic agreement that put Canada and the United States at the forefront of trade liberalization. For more information, visit the Canada-U.S. Free Trade Agreement information page. “Our leaders and members are pleased with the conclusion of the approval process for the agreement between the United States, Mexico and Canada and look forward to its entry into force,” said Darren Armstrong, President of the USGC. “Throughout the USMCA negotiations, the Board has worked closely within our industry, with our clients – particularly in Mexico – and with the negotiating governments, to ensure that the needs of the U.S. grain sector have been taken into account and that the new agreement has continued the success we have enjoyed together under NAFTA. We welcomed the opportunity to bring Mexican buyers to the United States, American agricultural journalists to Mexico, and to speak with so many stakeholders about the importance of our relationship with Canada and Mexico. In addition, there is a provision stating that the agreement itself must be reviewed every six years by the three nations, with a sunset clause of 16 years.
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