Update on the United States Mexico Canada Trade Agreement (USMCA)
The United States Mexico Canada trade agreement (USMCA) went into effect on July 1, 2020, upgrading the existing North American Free Trade Agreement (NAFTA). This new agreement coincided with an increasingly uncertain economic forecast for North America, as the COVID-19 pandemic had disrupted the global economy. Reported by the Office of the United States Trade Representative, U.S. goods and services trade with Mexico totaled an estimated $671.1 billion in 2018. Halting cross-border traffic with one of the nation’s biggest trading partners was a risk to both the U.S. and Mexican economies. This session intended to answer the question: How can the USMCA help reconstruct the North American trade during the COVID-19 crisis?
Hosted: Assemblymember Jose Medina – California State Assembly & Chair, CSG West Border Legislative Conference (BLC)
Dr. Christopher Sands – Canada Institute Director, The Woodrow Wilson International Center for Scholars
Beverly Idsinga – Executive Director, Dairy Producers of New Mexico
Fernando Alba – Director, Economic Development of the City of Juarez, Chihuahua