Has Canada Signed The New Nafta Agreement

The new agreement, signed in November 2018, is referred to by Canadian officials as a Canada-U.S.-Mexico free trade agreement or CUSMA for short, while U.S. President Donald Trump calls it the U.S.-Mexico-Canada agreement or the USMCA. The agreement extends other intellectual property rights protections, such as extending copyright protection for 50 years in NAFTA to 70 years. It also contains new criminal penalties for the theft of trade secrets, including cyber theft. On December 12, 2019, the Mexican Senate adopted the revised treaty by 107 votes to 1. [89] On April 3, 2020, Mexico announced that it was ready to implement the agreement and join Canada,[15] although it requested that its automotive industry have additional time to comply with the agreement. Mexico said they would not sign the USMCA if tariffs on steel and aluminum were maintained. .