USTR Fact Sheets on US-Mexico Trade Agreement

By: East Mcihigan DEC

The Office of the U.S. Trade Representative has released the following three factsheets on the trade agreement reached between US and Mexico:

  1. Rebalancing Trade to Support Manufacturing
  2. Modernizing NAFTA into a 21st Century Trade Agreement
  3. Strengthening North American Trade in Agriculture

The first document provides information on the new rules of origin and origin procedures; updates to the Market Access chapter to address non-tariff barriers related to trade in remanufactured goods, import licensing, and export licensing; and new provisions on textiles.   The second document provides updates on intellectual property protections; information about a new chapter on digital trade; updates for the financial services industry; and new labor provisions.  Finally, the third factsheet focuses on the impact of the new agreement on the agricultural sector.