What’s Going On With The New NAFTA?
The North American Free Trade Agreement (NAFTA) facilitates increased trade and investment between the U.S., Canada and Mexico. While the USDA hailed NAFTA as one of the most successful trade agreements in history that helped more than double the share of U.S. agricultural exports to Canada and Mexico since 1994, the pact came under fire from President Donald Trump before he took office. Holding true to his promise to renegotiate NAFTA’s terms, Trump and leaders in Canada and Mexico signed the United States-Mexico-Canada Agreement (USMCA) on Nov. 30, 2018. USMCA maintains the spirit of the original NAFTA accord and is expected to have small effects on the U.S. economy overall; however, it makes updates necessary for modernizing the agreement that governs trade in North America.
Categories: Agribusiness, Careers, Finance, Industry Analysis, Leadership, Marketing, Sales
Tags: Agribusiness, canada, economy, global trade, Market, nafta, united states, usmca
Tags: Agribusiness, canada, economy, global trade, Market, nafta, united states, usmca
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