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RAS History & PhilologyРусская речь Russkaya rech

  • ISSN (Print) 0131-6117
  • ISSN (Online) 3034-5928

United States-Mexico-Canada Agreement at the Finish Line

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PII
S268667300008878-5-
DOI
10.31857/S268667300008878-5
Publication type
Article
Status
Published
Authors
Elena G. Komkova
Volume/ Edition
Volume / Issue 4
Pages
43-57
Abstract

Donald Trump’s promise to revise the NAFTA agreement was one of the main points of his pre-election platform and Trumponomics. This aim was reached in three years of his presidency marked by tough negotiations with Canada and Mexico as well as with the Democratic majority in the House of Representatives formed after the 2018 midterm elections. It took more than a year to convince Canada and Mexico to make concessions. Almost the same period was needed to find a compromise with the Democratic authorities in the Congress and sign the Protocol of amendments to the United States-Mexico-Canada Agreement (USMCA). Even after the approval of the implementing legislation by Mexico (June 2019, January 2020), USA (January 2020) and Canada (March 2020), however, USMCA didn’t take effect. To do it, it is needed to exchange the readiness notifications, and wait for 60 days more. The earliest forecast time of coming the USMCA into effect is June 1, 2020. However, it may be protracted in case one of the participating states is not ready. The article analyzes three issues: negotiations between the Office of the United States Trade representative and the Democratic authorities in the Congress; contents of the Protocol of amendments and the final USMCA text; and reaction to that event in the USA and Canada.

Keywords
USMCA, Protocol of amendments, new NAFTA, managed trade, USA, Canada, Mexico, North American integration
Date of publication
10.04.2020
Year of publication
2020
Number of purchasers
44
Views
4822

References

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