Nota Bene Episode 70: Examining the USMCA: Is it Simply a Rebranded NAFTA? with Scott Maberry
As trade with our North American neighbors continues to evolve and grow, we’re taking a closer look at the newly ratified United States-Mexico-Canada Agreement (USMCA) and examining how the new Agreement will impact trade among the three countries and globally.
Joining us for this conversation is Scott Maberry. Scott is an International Trade partner in the Government Contracts, Investigations & International Trade Practice Group in the firm's Washington, D.C. office. Scott counsels clients and litigates disputes in the areas of export controls, the Foreign Corrupt Practices Act (FCPA), anti-terrorism, economic sanctions, anti-boycott controls, anti-money laundering (AML), the Foreign Agents Registration Act (FARA), trade remedies including antidumping and countervailing duty (AD/CVD) matters, and Customs.
What We Discussed in This Episode:
- What are the big differences between NAFTA and the USMCA?
- What are the main new additions to the Agreement?
- How is the USMCA helping the auto industry?
- As the US economy naturally shifts from a manufacturing-heavy country to a service-based economy, is it unwise to hold on to old ways?
- How many new jobs will be created under the USMCA and in which industries?
- Does the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) support or oppose the USMCA? Why does it matter?
- Was it time for an updated Agreement? What was missing from NAFTA that is covered in this Agreement?
- Is this Agreement providing any protection for the environment?
- Which provisions in the USMCA specifically and solely benefit the automobile industry?
- How will the USMCA affect the economies of the three countries and the global economy?