Citizen Media Watch

april 14th, 2021

United States Mexico Trade Agreement

Posted by lotta

The United States and Mexico have agreed on the most advanced, comprehensive and normative environmental chapter of a trade agreement. Like the work chapter, the environmental chapter puts all environmental provisions at the heart of the agreement and makes them applicable. This agreement will be, once concluded, the first free trade agreement to impose all of the following measures to protect U.S. rights holders from theft of trade secrets, including by state-owned enterprises: civil remedies, criminal remedies, prohibition of the licensing of trade secrets, protection of trade secrets during judicial proceedings and penalties for officials who falsely disclose trade secrets. On December 12, 2019, the Mexican Senate adopted the revised treaty by 107 votes to 1. [89] On April 3, 2020, Mexico announced its readiness to implement the agreement and joined Canada,[15] although it requested that its auto industry have additional time to comply with the agreement. [90] The United States and Mexico have reached agreement on a modernized, quality chapter of intellectual property (IP) that provides effective protection and protection and essential intellectual property rights to promote innovation, stimulate economic growth and support American jobs. A 2015 study showed that Mexico`s prosperity increased by 1.31% as a result of NAFTA tariff reductions and by 118% for Mexico`s intra-Bloc trade. [63] Inequality and poverty have decreased in the regions of Mexico most affected by globalization. [75] Studies from 2013 and 2015 showed that Mexican small farmers benefited more from NAFTA than large farmers. [76] [77] On April 3, 2020, Canada informed the United States and Mexico that it had completed its national process of ratifying the agreement. [104] On November 30, 2018, as planned, the USMCA was signed by all three parties at the G20 summit in Buenos Aires.

[58] [59] Disputes over labour rights, steel and aluminum prevented ratification of this version of the agreement. [60] [61] Canadian Deputy Prime Minister Chrystia Freeland, U.S. Trade Representative Robert Lightizer, and Mexican Under-Secretary of State for North America Jesus Seade officially signed a revised agreement on December 10, 2019, ratified by the three countries on March 13, 2020.

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