After 14 months of terse wrangling, the brinkmanship over NAFTA has finally reached a resolution, one that is expected to boost cross-border e-commerce.
Canadian and US negotiators thrashed out a compromise at the eleventh hour that ushers in a new framework – goodbye NAFTA, hello USMCA (US-Mexico-Canada Agreement).
The breakthrough paves the way for a new accord to replace the 24-year-old NAFTA regime before December 1, when Mexico’s outgoing president leaves office.
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Source: The Loadstar