What is United States–Mexico–Canada Agreement?
[[File:Flag of the North American Free Trade Agreement (standard version).svg|thumbnail]][[File:NAFTA logo.png|thumbnail]] The '''United States–Mexico–Canada Agreement''' ('''USMCA'''; Spanish: ''Acuerdo Estados Unidos-México-Canadá'', '''AEUMC'''; French: ''Accord États-Unis-Mexique-Canada'', '''AÉUMC''') is a free trade agreement between [[Canada]], [[Mexico]], and the [[United States]], replacing the previous [[North American Free Trade Agreement]] (NAFTA). It is the result of the 2017–2018 renegotiation of NAFTA by its member states, which informally agreed to the terms on September 30, 2018, and formally on October 1.<ref>{{cite news |url=https://globalnews.ca/news/4500068/nafta-2018-agreement-finalized/ |title=NAFTA deal reached: Canada, U.S., Mexico reach trade agreement under new name |last1=Dangerfield |first1=Katie |work=[[Global News]] |date=2018-08-30 |access-date=2018-10-01}}</ref> The agreement came into effect on July 1, 2020.<ref>{{Cite news|title=U.S. seals the deal on USMCA, says trade agreement can now take effect July 1 {{!}} CBC News|language=en-US|work=CBC|url=https://www.cbc.ca/news/politics/usmca-trade-into-effect-july-one-1.5544883|access-date=2020-10-18}}</ref><ref>{{Cite news|date=25 April 2020|title=New North American trade deal to come into effect in July|work=Deutsche Welle|url=https://p.dw.com/p/3bO6o|access-date=18 October 2020}}</ref> Compared to NAFTA, the agreement gives the U.S. more access to Canada's $19 billion dairy market, more domestic production of cars and trucks, increases environmental and labor regulations, and introduces updated [[intellectual property]] protections. ==References== {{reflist}} [[Category:October 2018 events]] [[Category:September 2018 events]] [[Category:2018 in the United States]] [[Category:2018 in Canada]] [[Category:2018 in Mexico]] [[Category:Economy of Canada]] [[Category:Economy of Mexico]] [[Category:Economy of the United States]] [[Category:International organizations]] {{Multistub|US|Canada|North-America}}