House Approves New U.S.-Mexico-Canada Trade Agreement

​The U.S. House of Representatives approved on Dec. 19 the United States-Mexico-Canada Trade Agreement (USMCA), which will modernize the 25-year-old North American Free Trade Agreement (NAFTA), by a vote of 385-41. 

The USMCA is intended to create more jobs in all three countries by increasing trade between them while ensuring companies conducting business in each country aren’t engaging in substandard labor practices. By calling for more stringent labor relations requirements in Mexico in particular, fewer manufacturing jobs might be siphoned off from the U.S. while Mexican citizens enjoy more prosperity.

“The choice was between no NAFTA, NAFTA or an improved NAFTA. It wasn’t a hard-multiple-choice [test],” said Rep. Warren Davidson, R-Ohio.

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Credit to Allen Smith, J.D. for the original post.

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