New amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily o...
- New amendments to the U.S.-Mexico-Canada trade agreement focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers’ rights.
The text also creates presumptions that any labor or environmental violation affects trade and investment, a legally important distinction that makes it difficult for an offending country to ignore such disputes.The deal does not include any provisions to limit climate change, disappointing environmental groups.
The text also requires compliance with international agreements on endangered species, wetlands, Antarctic marine life, whaling and tuna fisheries.The deal aims to hold down drug prices by limiting some patent protections for pharmaceuticals. Eliminated from the text is a required 10-year data exclusivity period for biotech medicines, which U.S. Democrats feared would prolong higher prices for some of the priciest drugs.
“Such processes include the initial melting and mixing and continues through the coating stage,” the text said, adding that the tighter standard does not apply to raw materials such as steel scrap, iron ore or raw alloys.
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