Canada has nothing to fear from the USMCA review
The upcoming review of the United States-Mexico-Canada Agreement (USMCA) is set to begin on July 1, introducing a new phase of negotiations. Canada and Mexico are expected to take their time in these discussions, as they have the leverage to negotiate beneficial changes over the next decade. Meanwhile, the U.S. administration faces pressure to achieve a political win, making a negotiated outcome more favorable for all parties involved.
- ▪The USMCA includes a mandatory review provision that will start on July 1.
- ▪Canada and Mexico can negotiate changes over a period of up to ten years.
- ▪The U.S. administration is under pressure to achieve a political win before the upcoming elections.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountAndrei Sulzenko was a principal negotiator of the Canada-U.S. Free Trade AgreementThe July 1 date for the mandated review of the United States-Mexico-Canada Agreement draws nearer. On the surface, it may look bleak for Canada and Mexico, who are under the alleged “holds all the cards” leverage of the U.S.The USMCA is the only trade deal negotiated by the U.S. that has such a mandatory review provision. In this regard, it is safe to assume that on July 1, there will not be a trilateral consensus to merely extend the USMCA for another sixteen years. The U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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