The Prime Minister, Justin Trudeau, yesterday welcomed an agreement-in-principle between Canada, the United States, and Mexico on a modernized trade agreement – the United States-Mexico-Canada Agreement (USMCA) – that will create good, well‑paying, middle class jobs, strengthen economic ties, and expand Canada’s trade in North America.
Following more than a year of negotiations, the three countries have reached understandings in key areas, including rules of origin for automotive manufacturing, agriculture, labour, intellectual property rights, culture, and dispute settlement.
Further, Canada has ensured that any US Section 232 tariffs will not impact Canadian auto and auto parts exports. Canada has successfully preserved key elements of the original NAFTA, while building on the agreement to expand opportunity and improve protections for workers across North America. The resulting agreement offers crucial predictability and stability for Canadian businesses, investors, traders, workers, and innovators.
Throughout the negotiations, Canada’s approach has been constructive. Negotiating objectives remained clear: defend Canadians’ interests, uphold Canadian values, and fight for Canadian jobs and living standards within an agreement that is mutually beneficial for all three countries.
When implemented, the USMCA will help Canadians compete globally and prosper in a healthy, integrated North American economy. The Government of Canada will continue to engage with North American partners to finalize the details of an agreement that benefits all Canadians. Continue reading “Prime Minister of Canada welcomes new United States-Mexico-Canada Agreement”