The Agreement is the result of a long sought renegotiation of the North American Free Trade Agreement (NAFTA).
Negotiating the US-Mexico-Canada trade agreement required the expertise of hundreds of people.
For that reason it can also be considered a colossal undertaking. U.S. Trade Representative Robert Lighthizer:
The agreement includes provisions for U.S. farmers who will be able to sell more dairy products to Canada, everything from milk powder to ice cream. The USMCA also allows more sales of U.S. eggs and turkeys to Canada.
Canada and Mexico are our first and third largest export markets for United States food and agricultural products, making up 28 percent of total food and agricultural exports in 2017. These exports support more than 325,000 American jobs.
labor changes include provisions that allow workers to unionize with the idea that labor wages will go up in Mexico and dissuade American companies from moving there. Mexico agreed to monitoring of labor issues and harsher penalties for violations of working conditions.
Mexico has ratified the agreement, but Canada must still sign off before it takes full effect.