US President Donald Trump has signed the new United States–Mexico–Canada Agreement (USMCA) North American trade pact with Canada and Mexico into law. The USMCA, crafted over years of negotiation between the three countries, replaces the 1994 North American Free Trade Agreement, or NAFTA. It also makes changes to e-commerce, intellectual property protection and dispute settlement for investors, as well as imposing tougher labour provisions, requiring reforms to Mexico’s laws.
Important takeaways for all competitive exams:
- President of United States: Donald Trump; Capital: Washington, D.C.
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