Question

The United States-Mexico-Canada Agreement (USMCA) made changes to market access for auto\mobile and agriculture products; rules on investment and intellectual property; and guidelines for labor and protecting the environment. New provisions regarding digital trade, state-owned businesses, and currency are also part of the USMCA.

In a well-developed essay, make an argument for or against the USMCA. Provide reasons and evidence to support your claim.

( Argumentative Essay)

Answer 1

The United States-Mexico-Canada Agreement (USMCA) has significant implications for trade between the three countries. In its provisions regarding market access for automobiles, agriculture, investment, intellectual property, and labor and environmental standards, the USMCA makes important changes to the previous North American Free Trade Agreement (NAFTA).

The USMCA is a step forward in modernizing trade rules for the digital era through its provisions on digital trade and state-owned enterprises. However, the overall impact of the USMCA remains questionable.

On balance, the USMCA's strict rules of origin for automobiles and its failure to address non-tariff barriers in the agricultural sector mean that the agreement will likely provide limited benefits for U. . exporters and workers. The USMCA's increased protections for intellectual property and investment may benefit some U. . industries but could also raise costs for consumers and restrict policy flexibility.

While the new labor and environmental standards in the USMCA are an improvement over NAFTA, they lack an effective enforcement mechanism and remain largely aspirational. The USMCA also does not address the underlying causes of trade imbalances between the three countries.
In summary, the USMCA makes some targeted improvements in specific areas but fails to deliver the comprehensive reform needed to maximize trade's benefits for workers, businesses, and consumers in all three countries. For these reasons, on balance the costs and limitations of the USMCA outweigh its potential gains, and thus the agreement should not be supported in its current form. More comprehensive reforms are needed to establish fair and balanced trade that works for North Americans in the 21st century economy.

Answer 2

The new United States-Mexico-Canada Agreement (USMCA) will encourage trade that benefits all three countries, resulting in more open markets, equitable trade, and strong economic growth in North America.

How does the USMCA impact US Mexico and Canada?:
Trade has recovered from pre-covid levels under USMCA, increasing by an average of 6% across the region from 2019 to 2021. To put things in perspective, in 2021 a record 75% of imports from Canada and Mexico came from the US, making both nations the US's largest export destinations.The USMCA encourages the use of electronic means for conducting government procurement, increasing transparency and efficiency for small and medium-sized businesses, and making it easier for American and Mexican SMEs to participate in those procurements.Learn more about The United States-Mexico-Canada Agreement