Inu Manak

The good, the bad, and the ugly of the new trade agreement for North America. 

Canada’s assessment of the USMCA has broad implications for how we should think about evaluating the impact of trade agreements in the future.

To ensure the WTO remains fit for purpose, members should pursue changes in three areas: dispute settlement, negotiations and the WTO’s monitoring function.

Since most of the rules from NAFTA carried over to USMCA, implementation has proceeded swiftly, despite a pandemic, and far beyond what could be reasonably expected for any trade agreement that created an entirely new set of rules.