USMCA Trade Agreement Research & Discussion

In July of 2020 the North American Free Trade Agreement (NAFTA), several decade old, was substituted by the United States, Mexico & Canada (USMCA) Trade Agreement signed by all three North American countries. After researching these commercial and trade documents proceed to complete the assignment and questions detailed below. Sources: Credited/relevant articles and publications on NAFTA and the USMCA Trade Agreement, preferably from all three countries involved. Assignment: 1. Write a brief background about NAFTA. Its justification, objectives, scope, benefits & major issues during its duration. 2.Explain the major needs driving the decision to re-negotiate NAFTA and create the USMCA. 3. Explain the major differences between NAFTA and the USMCA and the public position on pros & cons from each of the signee perspective. Questions : 4.In your opinion which of the differences between NAFTA and the USMCA is the most relevant and why? 5. In your opinion which key topics discussed in Williams MGMT11 Ch. 8 - Global Management relate to the USMCA? Explain? 6. How does the USMCA affect the general business environment for companies established in the Rio Grande Valley, TX ?