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Abstract
The North American economy has been significantly impacted by the implementation of free trade agreements, with the trilateral USMCA agreement being the most recent and noteworthy development. The USMCA, replacing the previous NAFTA agreement, is aimed at modernizing trade relations between the United States, Canada, and Mexico. This agreement encompasses various aspects of economic integration, including provisions related to intellectual property rights, labor standards, and environmental regulations. The introduction of the USMCA brings about both opportunities and challenges for the three member countries, as it seeks to address issues such as market access, rules of origin, and dispute resolution mechanisms. By understanding the implications and economic impact of the USMCA agreement on North America, we can better analyze its effects on trade, investment, and overall economic growth within the region.
References
Alejandra Trejo-Nieto (2022), "The political economy of a North–South trade agreement and the development prospects for Mexico: from NAFTA to USMCA", pp. 103-124
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Alejandra Trejo-Nieto (2022), "The political economy of a North–South trade agreement and the development prospects for Mexico: from NAFTA to USMCA", pp. 103-124
Mary E. Burfisher, Frederic Lambert, Mr.Troy D Matheson (2019), "NAFTA to USMCA: What is Gained?", International Monetary Fund
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