Canada's Parliament has finally ratified the U.S.-Mexico-Canada Agreement covering North American trade, meaning the long-awaited makeover of the aging North American Free Trade Agreement, or NAFTA, is now in place.
The Washington Examiner reported that the USMCA had faced opposition in the Canadian Parliament and had been stuck in committee amid procedural issues before it was finally ratified on March 13.
Mexico had been the first country to sign off on the deal, and the U.S. Congress approved the pact in mid-January, followed by President Trump signing the bill into law later that month.
At the time, Arizona businesses and elected officials hailed the bill signing, saying it helps to preserve markets that in 2018 were worth more than $20 billion in trade and provided 228,000 jobs in the state — markets that have since become upended by the rapid spread of the coronavirus.
