USMCA Signed Into Law, Implementation Possible Mid-Year

President Trump signed into law Jan. 29 legislation to implement the U.S.-Mexico-Canada Agreement updating NAFTA. The bill had already passed the House and Senate by wider margins than usually associated with trade agreements after the White House agreed to changes advocated by Democrats.

While the U.S. and Mexico have now approved the USMCA, Canada has only recently launched its ratification process, which is expected to conclude sometime in February. The agreement will enter into force once all three countries have verified that they have satisfied specific obligations spelled out in the deal. According to Nicole Bivens Collinson, president of Sandler, Travis & Rosenberg’s government relations practice, that is unlikely to occur before July 1.

 

Source: Travis & Rosenber Trade Report

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