North American trade deal to take effect on July 1
(VOVWORLD) - The US Trade Representative said Friday that the US-Mexico-Canada Agreement (USMCA) will take effect since July 1, one month later than formerly suggested.
 Representatives from the US, Canada, and Mexico at the signing ceremony of USMCA (Photo: AFP/VNA) |
Trade Representative Robert Lighthizer said Mexico and Canada have imposed necessary measures to abide by commitments of USMCA, which is set to replace the North American Free Trade Agreement. He said USMCA will create more jobs and provide stronger measures to protect the labor market and bring more opportunities to US farmers and workers. He said the US should continue to extend its production and investment capacity, particularly during the COVID-19 epidemic.