Despite the skeptics, the new NAFTA deal is important for the future of the US, Mexico, and Canada. There are some key points of the new NAFTA deal that you have to think about, as the financial details of new NAFTA are many.
The NAFTA deal is here to stay for a long time because it offers the people of North America a lot of benefits.
What’s the Deal?
American farmers should be glad for the new NAFTA because they will get more access to the Canadian market, and they should be happy because they have been waiting for this to happen for so long.
American automakers will also benefit a lot from the new NAFTA – also called USMCA – because they will not have to face a stiff competition from Canadian automotive exporters. This is something they have been seeking too for a long time.
The Core of NAFTA is the Same
The core of NAFTA is the same. It means that most of the past policies will be left the same as they were under previous administrations.
The USMCA will give the half a billion people living in North America a lot of benefits regarding better jobs and more pay. Yes, they will benefit a lot from this new deal because everything has been included to make them happy. There is also a lot of provisions regarding intellectual property and digital trade.
The Path to Success
The new deal means a lot of new successes for all parties involved,, and this is something that this new administration has espoused with pride.
The USMCA will be a godsend for the American people because the deal will be overhauled every six years. It means that they will have to oversee the USMCA over time, and this means that America will not pay for the mistake of leaving a bad deal forever in the geopolitical foreground.
OK, so to Conclude
The people of America, Mexico and Canada will benefit a great deal because the new deal will be placed on a solid ground. Canada was justly included in the USMCA because they will be able to share in the prosperity.