NAFTA: Canada agrees to join U.S., Mexico in new trade agreement

By USA Today

Oct 01, 2018

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Canada has agreed to join the United States and Mexico in a trade deal that will replace the North American Free Trade Agreement, U.S. and Canadian officials said Sunday night.

“Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st Century: the United States-Mexico-Canada Agreement (USMCA)," said U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland in a joint statement. "USMCA will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region."

The last-minute deal will provide U.S. with greater access to Canada’s dairy market, an issue that had been considered vital for U.S. dairy manufacturers, a senior administration official told reporters.

Read the full story at usatoday.com.

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