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Nafta 2.0 – Usmca As A Way Towards More Advanced Regional Economic Integration In North America?

Author

Listed:
  • Lucie Bartošková

    (Prague University of Economics)

Abstract

At the end of 2018, the United States, Canada and Mexico signed a new trade agreement (abbreviated as USMCA) to replace the 1994 North American Free Trade Agreement (NAFTA) and create a modernized and advanced free trade system between the three economies. Based on available strategic documents and related studies, this article aims to describe the key provisions that distinguish the new agreement between the USA, Mexico and Canada from NAFTA, along with their potential effects and consequences for the member states. To provide context, the developments of integration processes within the North American region and the reasons that led to renegotiating the previous deal are first briefly discussed. The article also focuses on potential impacts on European companies that trade with or are present in the US, Canada or Mexico - especially car and dairy products manufacturers or food exporters.

Suggested Citation

  • Lucie Bartošková, 2020. "Nafta 2.0 – Usmca As A Way Towards More Advanced Regional Economic Integration In North America?," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 18(4), pages 370-383.
    • Handle: RePEc:brv:journl:v:18:y:2020:i:4:p:370-383
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    More about this item

    Keywords

    economic integration; trade policy; regional trade; NAFTA; USMCA;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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