47.55 F
December 6, 2022
Image default
Business Politics

N. American trade pact takes effect in pandemic-ravaged world

Washington (AFP) – The USMCA trade agreement has been hailed as the start of a new era in North American commerce. Unfortunately, it officially launched in the middle of a pandemic.Starting Wednesday, the United States-Mexico-Canada Agreement binds nearly half a billion consumers in a single market that comprises about 27 percent of global GDP, in a region where trade hit $1.2 trillion in 2019.But that was before COVID-19. Now the borders between the countries are partially closed, and the IMF is forecasting severe drops in all three North American economies this year.USMCA replaces the 1994 N…

Read More

Related posts

Dead-heat Virginia governor’s race headlines U.S. elections


China orders US consulate in Chengdu to close


Queen Elizabeth II, Longest Reigning Monarch Of Britain, Dies Aged 96


NYC shutdown expected after Christmas, mayor says


The Mixed Reality of America’s Wallets


Exclusive-U.S. opposes plans to strengthen World Health Organization


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: