Interviews
USMCA to enter into force on Jul 1
29 Apr '20
2 min read
Pic: Shutterstock
US Trade Representative Robert Lighthizer recently notified Congress that Canada and Mexico have taken measures necessary to comply with their commitments under the United States–Mexico–Canada Agreement (USMCA), and that the agreement will enter into force on July 1. The agreement contains significant improvements and modernised approaches.
It covers rules of origin, agricultural market access, intellectual property, digital trade, financial services, labour and numerous other sectors.
Following that notification, the United States became the third country to notify the other parties that it had completed its domestic procedures to implement the agreement—the final step necessary for the USMCA to enter into force, according to an official release.
These amendments are expected to deliver more jobs, provide stronger labour protections, and expand market access, creating new opportunities for US workers, farmers and ranchers, the press release said.
“The crisis and recovery from the Covid-19 pandemic demonstrates that now, more than ever, the United States should strive to increase manufacturing capacity and investment in North America. The USMCA’s entry into force is a landmark achievement in that effort. Under President Trump’s leadership, USTR will continue working to ensure a smooth implementation of the USMCA so that American workers and businesses can enjoy the benefits of the new agreement,” said Lighthizer.
It covers rules of origin, agricultural market access, intellectual property, digital trade, financial services, labour and numerous other sectors.
Following that notification, the United States became the third country to notify the other parties that it had completed its domestic procedures to implement the agreement—the final step necessary for the USMCA to enter into force, according to an official release.
These amendments are expected to deliver more jobs, provide stronger labour protections, and expand market access, creating new opportunities for US workers, farmers and ranchers, the press release said.
“The crisis and recovery from the Covid-19 pandemic demonstrates that now, more than ever, the United States should strive to increase manufacturing capacity and investment in North America. The USMCA’s entry into force is a landmark achievement in that effort. Under President Trump’s leadership, USTR will continue working to ensure a smooth implementation of the USMCA so that American workers and businesses can enjoy the benefits of the new agreement,” said Lighthizer.
Fibre2Fashion News Desk (DS)
Popular News
Leave your Comments
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Jason Kent
British Textile Machinery Association (BTMA)
Ritesh Kamani & Neha Kamani
Brand - Khalighata
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
