Outcomes of the United States-Mexico-Canada Agreement

The government is moving the USMCA quickly through the House, demonstrating that the new trade deal is of high priority. The trade agreement contains a few relevant fixes for CUTRIC Membership. On dispute resolution, it establishes a dispute resolution panel immediately upon request by one of the parties. On labour, it establishes a Mexican rapid response mechanism to ensure Mexican companies are complying with the new higher labour standards. On steel, there is an increase to a 70% threshold for steel used by automakers.​ Despite the Liberals being in a minority government scenario, the re-negotiated trade deal has seen strong support from Opposition parties, indicating what will likely be a relatively quick passage through the house. Once Canada ratifies the agreement, the USMCA will come into force 90 days following.