The United States-Mexico-Canada Agreement (USMCA) entered into force July 1. The USMCA preserves and deepens the trade ties between our three countries, providing much needed assurance for the North American Economy, which represents 27% of global GDP and 16% of global trade.
“USMCA modernizes our North American trading framework for the 21st century. It incorporates best-in-class provisions in areas such as digital trade, financial services, and telecommunications. Through innovative new chapters, it facilitates the integration of small and medium enterprises into international trade, promotes competition, and contributes to the fight against corruption” says the joint statement between the three countries Chamber CEOs.
The agreement cements Mexico, The United States, and Canada as members of the same team and enhances North America’s standing as the premier global destination for investment. It is crucial that governments and business communities in the three countries work together to reach its full potential for productivity, development, and growth.
For the full statement, click here.