E Pluribus Unum - Out of Many, One

29. To reflect the agreement between the United States and Korea on KORUS` rules of origin, I found that a change in HTS was necessary. The agreement between the United States of America, the United States of Mexico and Canada[1], commonly known as the United States-Mexico-Canada Agreement (USMCA), is a free trade agreement between Canada, Mexico and the United States in lieu of the North American Free Trade Agreement (NAFTA). [2] [3] [4] The agreement has been referred to as NAFTA 2.0[5][7][7] or “New ALEFTA[8][9],[9] since many nafta provisions have been introduced and its amendments have been found to be largely incremental. On 1 July 2020, the USMCA came into force in all Member States. On December 10, 2019, the three countries reached a revised USMCA agreement. On January 29, 2020, Deputy Prime Minister and Minister of Intergovernmental Affairs Chrystia Freeland introduced the USMCA C-4 Transposition Act in the House of Commons[93] and passed the first reading without a registered vote. On February 6, the bill passed second reading in the House of Commons by 275 votes to 28, with the Bloc Québécois voting against and all other parties voting in its favour, and it was referred to the Standing Committee on International Trade. [99] [100] [101] On 27 February 2020, the committee voted to send the bill to Parliament for third reading, without amendments.

The Trump administration`s office proposed the USMCA citing new measures for digital commerce, strengthening the protection of trade secrets and adapting the rules of origin of automobiles among the benefits of the trade agreement. [112] On May 29, 2019, Prime Minister Justin Trudeau introduced a USMCA transposition bill in the House of Commons. [94] On June 20, it was passed at second reading in the House of Commons and referred to the Standing Committee on International Trade. [95] U.S. Trade Representative Robert Lighthizer negotiated at length with working groups chosen by House of Representatives spokesman Pelosi to amend the agreement to ensure that the USMCA passes Congress with broad cross-party support. The United States, Mexico and Canada implemented these amendments through a USMCA amendment protocol signed on December 10, 2019.

 

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