Leaders from the U.S., Canada, and Mexico announced on Sunday, September 30, that they had concluded negotiations on what they have deemed the United States-Mexico-Canada Agreement (USMCA).
While the USMCA must still be approved by the U.S. Congress, the announcement ends months of uncertainty about the future of the North American Free Trade Agreement and North American economic integration. The USMCA for the first time includes language committing the nations “to enhance the effectiveness of customs inspections of shipments containing wild fauna and flora” and to “support sustainable forest management.”
The Office of the U.S. Trade Representative has prepared a number of Fact Sheets.
Sources: IWPA and Hardwood Federation