The Replacement of NAFTA with USMCA: An Analysis, The North American Free Trade Agreement (NAFTA) was the precursor of the United States-Mexico-Canada Agreement (USMCA) between Canada, Mexico, and the United States. Discuss your understanding of why USMCA replaced NAFTA, providing specific details of both agreements. In your opinion, which agreement is better, and why?


The Replacement of NAFTA with USMCA: An Analysis

The North American Free Trade Agreement (NAFTA) was implemented in 1994 and was the first free trade agreement between the United States, Canada and Mexico. NAFTA abolished many tariffs and established free trade between the three countries, leading to a surge in economic growth for all three countries (Kumar, 2020). However, in 2018, the United States and the other two countries signed the United States-Mexico-Canada Agreement (USMCA) to replace NAFTA. The USMCA modernizes and strengthens trade relationships by updating the 25-year-old NAFTA agreement (U.S. Trade Representative, 2020). It improves labor standards, supports environmental protection, strengthens intellectual property rights, and opens up access to government procurement markets. It also requires a minimum wage of $16 an hour in certain Mexican auto factories and requires 40-45% of auto content to be manufactured in North America (Langley, 2020). In my opinion, the USMCA is the better agreement due to its strengthening of labor standards, environmental protection, and intellectual property rights. It also offers better access to government procurement markets and ensures a minimum wage for Mexican auto factory workers. Furthermore, the new agreement provides a… Cont…

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more