The Agreement was signed on December 10, 2019, and it needs to be ratified by the three countries before its entry into force. Mexico has ratified the deal, and Canada is expected to formally approve it soon.
The USMCA is expected to enable food and agriculture to trade more fairly, and to expand exports of agricultural products. Some of the key achievements are:
The USMCA is expected to enable food and agriculture to trade more fairly, and to expand exports of agricultural products. Some of the key achievements are:
- Tariffs for most agricultural products will remain at zero.
- Setting unprecedented standards for agricultural biotechnology.
- Significant commitments to reduce trade distorting policies, improve transparency and ensure non-discriminatory treatment for agricultural product standards.
- Enhanced rules for science-based sanitary and phytosanitary measures.
Remarks by President Trump at Signing Ceremony for the USMCA