The U.S. and Canada have reached a deal for Canada to enter the United States-Mexico-Canada Agreement, replacing NAFTA, according to the U.S. Trade Representative and the Canadian Foreign Affairs Minister. The agreement is expected to open markets for farmers, ranchers, and businesses across the North American continent, according to trade officials.
“Today, Canada and the U.S. reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st Century: the United States-Mexico-Canada Agreement (USMCA). USMCA will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region. It will strengthen the middle class, and create good, well-paying jobs and new opportunities for the nearly half billion people who call North America home. We look forward to further deepening our close economic ties when this new agreement enters into force. We would like to thank Mexican Economy Secretary Ildefonso Guajardo for his close collaboration over the past 13 months," the representatives said via a joint statement.
Related: NAFTA Negotiations to Go Into 2018; Small, Very Small Food Businesses Critical to NAFTA Modernization.
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