United States-Mexico-Canada Agreement

Six Takeaways on What the USMCA Means to Texas and the World

by | Dec 15, 2020
Texas has a special trade relationship with Mexico and Canada, with the two countries employing roughly 1 million Texans and the relationship resulting in $270 billion in trade annually. You can find more takeaways from the United States and these countries' trade representatives below.
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USMCA (Formerly NAFTA) Goes Into Effect As Pandemic Disrupts Supply Chains
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.
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