You are here

A rare win-win in America on trade front

After months in limbo, the USMCA - which replaces Nafta - is a done deal, following support from Democrats on Tuesday

BT_20191213_LHTRADE_3976080.jpg
Fans of the Nafta say that the agreement more than tripled trade between Canada, Mexico and the US, helping to increase US economic output, creating new American jobs and reducing the costs of energy and food imports.

TO DESCRIBE the North American Free Trade Agreement (Nafta) signed by the United States, Canada and Mexico in 1994 as "historic" would be an overstatement.

Creating a trilateral trade bloc in North America and the world's largest trade area, the agreement eliminated or reduced barriers to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes