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