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President Trump recently signed implementing legislation to ratify the Agreement between the United States, Mexico, and Canada ("USMCA"), which replaces NAFTA. The agreement passed the House and the Senate with unusual bipartisan support, and was endorsed by the AFL-CIO, the country's largest federation of unions.
Although precisely when the USMCA will enter into force is uncertain, the agreement includes several unique provisions that will be of interest to companies throughout North America, including new rules of origin for the automotive sector and new labor rights provisions that will impact companies with suppliers and/or manufacturing facilities in Mexico.
In this presentation, practitioners Aaron R. Hutman and Kecia J. Reynolds from Pillsbury Winthrop Shaw Pittman LLP, and Cindy Owens and James (Jay) McCall Smith from Covington & Burling LLP will provide an overview of the following areas:
- Intellectual property commitments, including those omitted from the agreement
- Automotive rules of origin, including new labor value content rules
- Labor rights obligations and enforcement mechanisms
- Other notable provisions and the expected economic impact on the U.S. economy