USMCA to enter into force July 1

USMCA Signing

The United States-Mexico-Canada Agreement will become legally binding on July 1, 2020, according to a release from U.S. Trade Representative Robert Lighthizer’s office.

Last week, the U.S. became the final party to complete its domestic procedures to implement the agreement, which was the final step of the process.

“The USMCA’s entry into force marks the beginning of a historic new chapter for North American trade by supporting more balanced, reciprocal trade, leading to freer markets, fairer trade, and robust economic growth in North America. The Agreement contains significant improvements and modernized approaches to rules of origin, agricultural market access, intellectual property, digital trade, financial services, labor, and numerous other sectors,” a news release stated. “These enhancements will deliver more jobs, provide stronger labor protections, and expand market access, creating new opportunities for American workers, farmers, and ranchers.”