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USMCA: the reloading of the North American free trade zone
 
PIIS0044748X0002312-2-1
DOI10.31857/S0044748X0002312-2
Publication type Article
Status Published
Authors
Petr P. Yakovlev 
Occupation: Chief of the Center of Iberian Studies, Institute of Latin America, Russian Academy of Sciences, Professor of Plekhanov Russian University of Economics
Affiliation:
Center of Iberian Studies, Institute of Latin America, Russian Academy of Sciences
Plekhanov Russian University of Economics
Address: Russian Federation, Moscow
Journal nameLatin America
EditionIssue 12
Pages6-21
Abstract

Mexico, the United States and Canada have reached an agreement on the modernization of the North American Free Trade Agreement (NAFTA), in force since January 1, 1994. Now NAFTA is replaced by a so called the United States-Mexico-Canada Agreement (USMCA), which will lay the main directions of development of integration processes in North America. The trilateral talks initiated by President D. Trump, had the aim of achieving the most favorable conditions for the United States in cooperation with neighboring countries. Under pressure from Washington, Mexico City and Ottawa were forced to go on a number of significant concessions, but in some areas, they retained access to strategically important for them the USA market. USMCA in the future can become a model for other international economic and trade agreements.

KeywordsUnited States, trade policy of D.Trump, Mexico, Canada, the negotiations of NAFTA reform, USMCA, the conditions of the new agreement
Received25.12.2018
Publication date25.12.2018
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