The United States-Mexico-Canada Agreement (USMCA), a modified and modernized version of the North American Free Trade Agreement (NAFTA), will continue to govern most economic relationships in North America, including the more than $1.3 trillion in annual regional trade in goods and services, for the foreseeable future.
The USMCA preserves the bulk of the NAFTA structures that permit North American manufacturers to compete effectively with their European and Asian counterparts in North American and foreign markets. Once in effect, the USMCA should largely resolve the chilling effect on investment and new hiring generated by three years of uncertainty over NAFTA's future.
This book provides a detailed analysis and critique of the provisions of the USMCA and the USMCA's relation to NAFTA. It is designed to assist lawyers and non-lawyers alike, including law, economics and public policy scholars, business professionals and governmental officials who require an understanding of one of the world's most economically and politically significant regional trade agreements.
'This timely commentary on the USMCA is comprehensive and detailed – and yet straightforward to read. Thanks to his decades of experience, Gantz is able to explain not only how the USMCA differs from NAFTA, but also how these changes reflect the policy objectives of its parties. Gantz has written an invaluable guide for trade law specialists and non-specialists alike.'
– Lorand Bartels, Cambridge University, UK
'The world's leading expert on free trade agreements, Professor David Gantz, has produced yet another world-class book on this subject. Through careful scholarly research, he offers the international trade community a thorough, critical analysis of NAFTA 2.0, that is, the USMCA. What is the same? What is different? What explains the continuities and changes? Are they positive or negative? In his characteristically clear, jargon-free style, Professor Gantz addresses these questions, and more, across 11 chapters covering market access, special sectors (energy, agriculture, textiles and apparel, IP, and services), labor and the environment, and dispute settlement. Integrating his five decades of unique practical experience, his new work is a special – and indispensable – gem.'
– Raj Bhala, University of Kansas Law School, US and Dentons US LLP
David A. Gantz, Will Clayton Fellow for Trade and International Economics, Rice University's Baker Institute for Public Policy, Center for the United States and Mexico and Samuel M. Fegtly Professor Emeritus with the James E. Rogers College of Law, University of Arizona, US.