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North American Free Trade Agreement
Illustration: Koszubarev via iStock
USMCA (Formerly NAFTA) Goes Into Effect As Pandemic Disrupts Supply Chains
by Gloria Salinas, Managing Director, Economic Development, DRC | Jul 2, 2020
The new United States-Mexico-Canada Agreement (USMCA), formerly the North American Free Trade Agreement (NAFTA), launches at a tough time as supply chains are strained in the COVID-19 pandemic. Getting the right goods into the right hands has become a question of resiliency, experts say. The virus has accelerated urgent change in supply chains as they must quickly adapt—within days, in some cases.
“What used to be possible with just a pencil, and pen, and paper is now impossible to operate” without technology, analyst Piotr Marczewski says.
