USMCA
Organizations & Companies abbreviation · International Organization
| Stands for | United States-Mexico-Canada Agreement |
|---|---|
| Categories | Organizations & Companies |
USMCA stands for United States-Mexico-Canada Agreement, an international organization abbreviation.
Free trade agreement among the United States, Mexico and Canada that replaced NAFTA on July 1, 2020, with updated rules on automobiles, labor, digital trade and dairy. Canada calls it CUSMA and Mexico T-MEC.
Example: Goods that meet USMCA rules of origin were exempted from the new tariffs.
Usage notes
It was signed in November 2018 and amended in 2019 before ratification. Cars must contain 75 percent North American content and a share made by workers earning at least 16 dollars an hour to qualify for duty-free treatment. The agreement requires a joint review in 2026 to decide whether to extend it.
Related abbreviations
More international organization abbreviations
- UNODC – United Nations Office on Drugs and Crime
- UNRWA – United Nations Relief and Works Agency for Palestine Refugees in the…
- UNSC – United Nations Security Council
- UNSG – United Nations Secretary-General
- UNWTO – World Tourism Organization
- UPU – Universal Postal Union
- WBG – World Bank Group
- WEF – World Economic Forum
- WFP – World Food Programme
- WHO – World Health Organization
- WIPO – World Intellectual Property Organization
- WMO – World Meteorological Organization