Regional FTA
United States–Mexico–Canada Agreement (USMCA)
The successor to NAFTA, in force since July 2020, with stricter automotive rules of origin and modern digital trade chapters. Its operation is subject to periodic joint reviews.
- Abbreviation
- USMCA
- Status
- In force
- Type
- Regional FTA
- Scope
- Comprehensive (goods, services, investment and rules)
- Signed
- Nov 2018
- In force since
- Jul 2020
- Member countries
- 3
Key features
- Elimination or reduction of import duties on most goods, phased in according to each party’s tariff schedule.
- Strict automotive rules of origin, including regional and labour value content requirements.
- Origin can be declared by exporters or producers (self-certification or statements on origin), subject to conditions.
- Commitments on trade in services.
- E-commerce and digital trade provisions.
- Labour and environmental (trade and sustainable development) commitments.