The USMCA in Two Years: Toward a Joint Evaluation
International Trade and Arbitration attorney Carlos Véjar wrote an article for Expansión about the upcoming evaluation of the United States-Mexico-Canada Agreement (USMCA). Mr. Véjar analyzes the main objectives that the treaty has fulfilled and explains how the effectiveness of the treaty should be evaluated. The United States considers the results of the agreement are negative because the U.S. has not been able to reverse the deficits with its trading partners. However, Mr. Véjar details some reasons why it is unfair to evaluate the USMCA only with these figures, since they are not enough to counteract arguments such as the loss of employment and the closure of factories in the United States.
This article is the first in a series on the USMCA. Read the second part here.