The United States Mexico Canada Agreement
Written by trasfoco in Sin categoría on octubre 11, 2021
In addition, there is a provision stating that the agreement itself must be reviewed every six years by the three nations, with a sunset clause of 16 years. The agreement can be extended by 16 years during the six years of revision.  The introduction of the sunset clause puts more control in the organization of the future of the USMCA in the hands of national governments. However, there is concern that this could lead to greater uncertainty. Sectors such as automotive manufacturing require significant investments in cross-border supply chains.  Given the predominance of the consumer market in the United States, it is likely that this will put pressure on companies to install more production in the United States, with a greater likelihood of increasing the costs of producing these vehicles.  On March 1, 27, 2019, many organizations representing the agricultural sector in the United States announced their support for the USMCA and asked Congress to ratify the agreement. They also called on the Trump administration to maintain NAFTA until the new trade agreement is ratified.  On March 4, however, House Ways and Means President Richard Neal predicted a «very hard» path through Congress for the deal.  Beginning March 7, senior White House officials met with members of the House Ways and Means as well as moderate caucuses from both sides, such as the Solvers Caucus, the Tuesday Group, and the Blue Dog Coalition, to gain support for ratification. The Trump administration has also withdrawn from the threat to withdraw from nafta, as negotiations with Congress continue.
 On December 19, 2019, the U.S. House of Representatives passed the USMCA by 385 votes (Democrats 193, Republicans 192) to 41 (Democrats 38, Republicans 2, Independents 1).   On January 16, 2020, the U.S. Senate passed the trade agreement by 89 votes (Democrats 38, Republicans 51) to 10 (Democrats 8, Republicans 1, Independents 1) and the bill was submitted to the White House for Donald Trump`s signature.  On January 29, 2020, Trump signed the current agreement (Public Law No. 116-113).  It formally amended NAFTA, but not the 1989 Canada-U.S. Free Trade Agreement, which is only «suspended,» so that if the parties did not renew or renew it within 6 years, the free trade agreement would become law.
  The USMCA updates and replaces the 25-year-old North American Free Trade Agreement (NAFTA). Work on the new agreement lasted several years, had to be approved by both houses of Congress and required the three countries to attest to their compliance with different measures in the agreement. The certifications were finalized at the beginning of this year, which allowed the entry into force of the agreement. The USMCA rules will apply as of July 1, 2020. Here`s a look at the sections of the USMCA that impact the FDA: The FDA was an important member of the United States…