XINHUA The United States-Mexico-Canada Agreement (USMCA) officially entered into force on Wednesday, July 1, replacing the 26-year-old North American Free Trade Agreement (NAFTA). “Today marks the beginning of a new and better chapter for trade between the United States, Mexico and Canada,” U.S. Trade Representative (USTR) Robert Lighthizer said in a statement, adding that the USMCA contains “significant improvements and
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XINHUA The newly revised United States-Mexico-Canada Agreement (USMCA) represents “a net negative” for all three economies due to its regulatory mandates, especially concerning automobiles, said a report from the Washington-based financial thinktank Peterson Institute for International Economics (PIIE) released on Tuesday, Dec. 17. The USMCA modernizes trading rules and strengthens enforcement of labor and environmental rights, but its restrictions on
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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