US, Canada And Mexico Sign A Revised NAFTA 2.0

US, Canada And Mexico Sign A Revised NAFTA 2.0

On December 10, 2019, the US House Democrats announced their backing of a renegotiated US-Mexico-Canada (USMCA) trade agreement and the three countries’ representatives signed the revised deal in Mexico City. 

The US Congress and Senate now must ratify the revamped USMCA. This likely will not begin until after the expected impeachment trial of the US President. It is predicted that the US Congress will take it up in January or February of 2020.  

For Canada, both the elected House of Commons and the appointed Senate must approve the agreement. This process is straightforward and would take no longer than a couple of weeks. The Canadian parliament is due to go on winter break on December 13, 2019 and is scheduled back January 27, 2020. 

Mexico’s Senate passed the original USMCA earlier this year and must now approve the modifications. Mexico’s Senate plans to take this up on Tuesday, December 17, 2019 and after being analyzed will likely pass fairly quickly. 

So, NAFTA 2.0 will likely take effect in early 2020.

The revamped USMCA made two big revisions: it updated a lot of provisions around intellectual property, pharmaceuticals and the digital economy. Second, it includes more environmental and labor protections. 

Canada listed the changes at: Summary of revised outcomes

To get a full understanding of the differences between NAFTA and the USMCA refer to our blog: USMCA Details | United States Mexico Canada Agreement | NAFTA 2.0

Until the USMCA is ratified and in force, the current procedures and documents under NAFTA are still required.

6 Best Practices To Maximize NAFTA Trade Benefits

If you have any questions about the USMCA do not hesitate to contact one of our experienced experts at PCB.

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About Author
Jan Brock

Jan Brock joined PCB Customs Brokers in 2015 as a Senior Trade Advisor. She retired from Canada Border Services Agency (CBSA) in 2015 after serving more than 37 years. Jan started her career with CBSA as a summer student in 1976 and worked part-time until she graduated from U.B.C. with a Bachelor of Education Degree in 1980 . Shortly after graduating from U.B.C. Jan worked full time as an inspector with CBSA and within three years was promoted to Superintendent. She served some time in the Regional Operations office as an Operations Review Officer before she was promoted to Chief of Operations first at the Customs Mail Centre, then in the Metro District as the Commercial Chief and ending her career as a Chief at Pacific Highway Commercial Operations where she served as Chief from 1992 to 2015. During her career she was a member of the Customs Drug Team and a trainer in the National Enforcement Program. Jan also served as the Regional Coordinator Officer Powers and Use of Force for the Pacific Region. Jan served on many Commercial Program Reviews and committees both national and regional during her career and possesses an expansive knowledge of importing and exporting into and from Canada.

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