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The United States-Mexico-Canada Agreement 4th ed (USMCA NAFTA 2.0): Legal and Business Implications


ISBN13: 9789403514758
Previous Edition ISBN: 9789041132055
Published: October 2020
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: £118.00



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The United States-Mexico-Canada Agreement (USMCA) is a timely summary and commentary on the most important new trade agreement for the United States (U.S.). On July 1, 2020, after much expectation and delay, the new USMCA—a greatly revised version of the North American Free Trade Agreement (NAFTA) of 1994—came into effect. The USMCA is a long-awaited response to a U.S. initiative to renegotiate NAFTA. As a key regional trade agreement with vast global ramifications, familiarity with its content and rules is essential for all business, legal, policymaking, and academic parties concerned with international trade. This preeminent guide to NAFTA summarizes the contents of the third and last edition of the book providing an in-depth chapter-by-chapter analysis of the new agreement, clearly describing what has changed from the earlier agreement and what is new.

What’s in this book:

After a concise but expertly calibrated summary of NAFTA, the author proceeds systematically through a practical analysis of each USMCA provision, emphasizing such crucial new elements as the following:

  • new rules on intellectual property rights
  • stricter rules of origin within the automotive industry
  • major reforms in Mexican labor laws and their enforceability
  • opening of Canada’s agricultural and dairy sector to more U.S. competition
  • an entirely new chapter on digital trade
  • new dispute mechanisms
  • requirement of an increased minimum wage in auto plants, and
  • a new chapter on environmental standards

Changes in such important aspects of trade as textiles and apparel, ownership of hydrocarbons, cross-border trade in services, and anticorruption measures are also fully described.

How this will help you:

This concise and useful practical guide will be a welcome addition to private and corporate libraries, including corporate counsel, customs brokers, freight forwarders, logistics and import-export managers, government officials, and academics who need a thorough understanding of the new agreement. This book is among the first that will enable readers to quickly grasp the essentials of the new agreement and will definitely be a valuable addition to the trade portfolio in 2020.

Subjects:
International Trade
Contents:
Preface
Acknowledgments
CHAPTER 1. Introduction: Summary of the Previous NAFTA Agreement
CHAPTER 2. Summary Of NAFTA From 2010 To Present
CHAPTER 3. NAFTA Economic Impact Summaries
CHAPTER 4. Summary of ITC Report
CHAPTER 5. Origin Procedures
CHAPTER 6. Textile and Apparel Goods
CHAPTER 7. Customs Administration and Trade Facilitation
CHAPTER 8. Recognition of the United Mexican States’ Direct, Inalienable, and Imprescriptible Ownership of Hydrocarbons
CHAPTER 9. Sanitary and Phytosanitary Measures
CHAPTER 10. Trade Remedies
CHAPTER 11. Technical Barriers to Trade
CHAPTER 12. Sectoral Annexes
CHAPTER 13. Government Procurement
CHAPTER 14. Investments
CHAPTER 15. Cross-Border Trade in Services
CHAPTER 16. Temporary Entry
CHAPTER 17. Financial Services
CHAPTER 18. Telecommunications
CHAPTER 19. Digital Trade
CHAPTER 20. Intellectual Property Rights
CHAPTER 21. Competition Policy
CHAPTER 22. State-Owned Enterprises and Designated Monopolies
CHAPTER 23. Labor
CHAPTER 24. Environment
CHAPTER 25. Small- and Medium-Sized Enterprises
CHAPTER 26. Competitiveness
CHAPTER 27. Anti-corruption
CHAPTER 28. Good Regulatory Practices
CHAPTER 29. Publication and Administration
CHAPTER 30. Administrative and Institutional Provisions
CHAPTER 31. Dispute Settlement
CHAPTER 32. Exceptions and General Provisions
CHAPTER 33. Macroeconomic Policies and Exchange Rate Matters
CHAPTER 34. Final Provisions
CHAPTER 35. Conclusion
Appendix