Canada Has Much to Gain in New USMCA Deal

Canada’s new trade agreement with the United States and Mexico—the USMCA, which replaces NAFTA—is not just a good deal because of the removal of uncertainty for Canadian business.
Canada Has Much to Gain in New USMCA Deal
Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland hold a press conference regarding the United States Mexico Canada Agreement (USMCA) in Ottawa on Oct. 1, 2018. The Canadian Press/Sean Kilpatrick
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Canada’s new trade agreement with the United States and Mexico—the USMCA, which replaces NAFTA—is not just a good deal because of the removal of uncertainty for Canadian business. It also strengthens trade ties with the United States, potentially at China’s expense.

Buried deep in the agreement is Article 32.10, which puts forth a set of requirements that any USMCA partner has to satisfy should it seek a bilateral free-trade agreement with a “non-market economy,” i.e. China.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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