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Canada-United States-Mexico Agreement

On December 12, 2019, the Mexican Senate adopted the revised treaty by 107 votes to 1. [89] On April 3, 2020, Mexico announced that it was ready to implement the agreement and join Canada,[15] although it requested that its automotive industry have additional time to comply with the agreement. [90] In the chapter “Sanitary and Phytosanitary Measures,” the United States, Mexico, and Canada agreed to strengthen disciplines on scientifically based spS measures, while ensuring that the parties respect their sovereign right to the protection of human, animal, and plant life or health. Provisions include improving transparency in the development and implementation of SPS actions; promoting science-based decision-making; improve certification, regionalization and equivalence processes; conducting system-based audits; improve the transparency of import controls; and cooperate to improve the compatibility of measures. The new agreement would establish a new technical consultation mechanism to resolve issues between the parties. The text of the agreement was signed on 30 November 2018 by the Heads of State and Government of the three countries as a secondary event to the G20 Summit to be held in Buenos Aires, Argentina, on 30 November 2018. [108] [113] According to the IMF study, the USMCA “would affect trade in the automotive, textile, and apparel sectors, while generating modest overall gains in welfare, fueled primarily by improved market access for goods with negligible effects on real GDP.” [113] The IMF study found that the economic benefits of the USMCA would be significantly increased if there was an end to Trump`s trade war (i.e., if the U.S. . . .

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