Us Mexico Trade Agreement 2020

During his 2016 election campaign and presidency, Trump sharply criticized NAFTA (it was often called „perhaps the worst trade deal of all time“ [105] and hailed the USMCA as „an excellent deal for all of us.“ [106] However, the USMCA is very similar to nafta, has adopted many identical provisions and has made only modest changes, mostly cosmetic,[107] and is expected to have only a limited economic impact. [108] Former U.S. Trade Representative Mickey Kantor, who oversaw the signing of NAFTA during Bill Clinton`s administration, said, „This is really NAFTA of origin.“ [109] On January 29, Trump officially signed the USMCA, which was a great achievement for the president on the way to the 2020 election. In accordance with Section 103 (b) (2) of the USMCA Act, the date of the interim provisions to be recommended will be set no later than after the USMCA comes into force and the implementation of the uniform rules of origin. [31] Uniform regulations at the USMCA help interpret the various chapters of the USMCA, first chapters 4-7. These rules were released a month before the trade agreement came into force and replaced NAFTA on May 1, U.S. Trade Representative Robert E. Lighthizer presented to Congress a draft statement on the administrative steps needed to implement the U.S.-Mexico-Canada agreement (USMCA and the new NAFTA) , in accordance with the Presidential Trade Promotion Authority (TPA) Act 2015 (Declaration of Administrative Action). The project will allow congress to be presented to Congress, after 30 days, on June 29, a law to implement the USMCA. In a letter [73] to Nancy Pelosi, House of Representatives spokeswoman Kevin McCarthy, the minority leader of the House of Representatives, the Republican, told Lighthizer that the USMCA was the gold standard in U.S.

trade policy, modernizing the competitive trade in digital, intellectual property and services in the United States and creating a level playing field for U.S. businesses. , workers and farmers, an agreement that represents a fundamental shift in trade relations between Mexico and Mexico.