July 1, 2020, will mark the official start of the long-heralded United State Mexico-Canada Agreement (USMCA) as it replaces the 1994 North American Free Trade Agreement (NAFTA). The USMCA will modernize free trade between United States, Canada, and Mexico, beyond the legacy 26 year-old pact. It is viewed as a necessary and timely update to the incumbent agreement that reflects the changing environment of trade across the three member countries.
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