U.S.M.C.A United States Mexico Canada Agreement (Members (United States ,…
United States Mexico Canada Agreement
June 10th, 1990
September 30th, 2018
Started in action in January 1st,1994
Reduce costs to promote trade between this countries
Protect rights of intellectual property
Total elimination of the customs barriers between this countries. Also, to eliminate the restrictions between the commerce of motor vehicles and its pieces, computers, textiles and agriculture.
Advantages and Disadvantages
Creation of jobs
Reduction of reliance on Middle-East oil's reserves.
Kind of excludes Mexico in agriculture
Job migration suppressed wages.
Mexico can't actually keep up with the requirements stated by USA and Canada
Importance to Mexico
Allows its consumers to have better prices because of the law of goods and supplies
More competitive market
Export its products