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Trade Agreements With Mexico And Canada

On December 10, 2019, the three countries reached a revised USMCA agreement. On January 29, 2020, Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Freeland introduced the USMCA C-4 Transposition Act in the House of Commons[93] and passed the first reading without a registered vote. On February 6, the bill passed second reading in the House of Commons by 275 votes to 28, with the Bloc Québécois voting against and all other parties voting in its favour, and it was referred to the Standing Committee on International Trade. [99] [100] [101] On 27 February 2020, the committee voted to send the bill to Parliament for third reading, without amendments. On December 19, the USMCA passed the House by 385 votes to 41. About a month later, the Senate overwhelmingly approved the USMCA, 89 to 10. The Government of Canada noted that “THE results of CUSMA preserve key elements of long-term trade relations and contain new and updated provisions to address 21st century trade issues and foster opportunities.” The U.S. House of Representatives is working on the USMCA, U.S. House of Representatives spokeswoman Nancy Pelosi said on September 26. [76] The Trump administration`s office proposed the USMCA citing new digital trade measures, strengthening the protection of trade secrets and adapting the rules of origin of the automobile among the benefits of the trade agreement. [112] Much of the debate among political experts has focused on how to mitigate the negative effects of agreements such as NAFTA, including whether workers who lose their jobs are compensated or whether they are proposing retraining programs to help them move into new sectors. Experts say programs such as U.S.

Trade Adjustment Assistance (AAT), which helps workers pay for education or training to find new jobs, could help rebuke anger over trade liberalization. Neither the worst fears of Canadian trade opponents – that open trade would erode the country`s manufacturing sector – nor the highest hopes of NAFTA proponents – that this would lead to a rapid increase in productivity – have been realized. Employment in Canada`s manufacturing sector has remained stable, but the productivity gap between the Canadian and U.S. economies has not been closed: until 2017, Canada`s labour productivity remained at 72% of the U.S. level. In a clear message to Trump, economic leaders on Tuesday urged the three countries to oppose the imposition of tariffs “and other barriers or measures that will undermine the objectives of the comprehensive trade agreement and weaken North America`s competitiveness.” The provisions of the Convention cover a wide range of agricultural products, homelessness, industrial products, working conditions and digital commerce. Among the most important aspects of the agreement are improving U.S. dairy farmers` access to the Canadian market, guidelines for a greater proportion of automobiles produced in the three countries and not imported from other countries, and maintaining the dispute settlement system, which is similar to that contained in NAFTA. [35] [38] But the NAFTA experience in Mexico has suffered from differences between the promises of some of its supporters – that the pact would bring rapid growth, raise wages and reduce emigration – and the outcome of the agreement.

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