Source: CTV News, October 1, 2018
The trade agreement reached Sunday night between Canada, Mexico and the United States isn’t just notable for its contents, but also for its name.l
The United States-Mexico-Canada Agreement (USMCA) replaces the North American Free Trade Agreement (NAFTA), which has been in effect since 1994. The two agreements are largely the same, with some of the most notable changes being around automotive rules of origin and foreign access to Canada’s dairy market.
Changing the name of the deal seemed to occupy the thoughts of U.S. President Donald Trump during the months-long negotiation process about as much as more substantive modifications to the agreement.
Image Source: THE CANADIAN PRESS/AP/Judi Bottoni
