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The U.S.-Mexico-Canada-Agreement: Overview and Outlook

USMCA lost opportunity to actually implement freer trade between Canada and U.S.


USMCA lost opportunity to actually implement freer trade between Canada and U.S. VANCOUVER—The new United States-Mexico-Canada Agreement (USMCA)—NAFTA’s recently-negotiated replacement—represents a missed opportunity to create freer trade across North America, according to a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “We had a chance with these negotiations to truly liberalize trade between Canada and the U.S., but that opportunity was squandered because both sides came to the table with a list of protected industries that were off-limits from the start,” said Gary Hufbauer, a senior fellow with the Peterson Institute for International Economics and co-author of The U.S.-Mexico-Canada-Agreement: Overview and Outlook.
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