December 20, 2017
United States-Mexico-Canada Agreement
The United States-Mexico-Canada Agreement (USMCA) went into effect on July 1, 2020 replacing the North American Free Trade Agreement (NAFTA) and governs more than $1.3 trillion worth of trade within North America, or about $3.6 billion per day.
NAFTA had a positive impact on the growth of our region. Trade agreements such as NAFTA have helped create a thriving binational economy, with a co-producing manufacturing supply chain that accounts for $2.5 billion in trade between San Diego and Baja California. After Mexico, Canada is the second largest consumer of San Diego’s goods and services. We are not just trading partners, we are producing together.
The Chamber actively advocated for a modernized trade agreement that continued to ensure fair trade and addressed digital commerce, efficient cross-border flow of people and goods, and environmental concerns such as transboundary pollution impacting the Tijuana River Valley.
The new agreement includes several updated chapters from the original NAFTA and improves provisions in others.
Download the USMCA Infographic.
The following sites provide information on the implementation of USMCA, available resources, and trade data:
U.S. Department of Commerce International Trade Administration (ITA): ITA’s updated USMCA website includes new resources for the business community including a “Day One” section outlining revisions to tariff lines, certificates of origin, de minimis values, and a revised Free Trade Agreement (FTA) tool.
U.S. Customs and Border Protection (CBP): The United States-Mexico-Canada Center was launched to help coordinate the implementation of the new treaty. The USMCA center will serve as a central communication hub for CBP and private and public stakeholders ensuring an efficient transition from NAFTA in collaboration with Canadian and Mexican customs authorities. Center staff will coordinate outreach events, develop and distribute information resources, update CBP regulations, and provide guidance on compliance obligations. Inquiries for the USMCA Center can be directed to USMCA@cbp.dhs.gov.
Mexican Ministry of Foreign Affairs (SRE): The Office of Economic Affairs at Mexico’s Embassy in the U.S. launched a new portal with key information pertinent to the new trilateral agreement, updated data on Mexico’s trade with its North American partners, and additional information related to diverse business opportunities in Mexico.