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The USMCA and Free Trade Agreements

3rd Edition
Ralph H. Folsom
ISBN: 9798892099059
Subject: International-Trade
Format: Print - Softbound
Page Count: 850
Copyright: 2025 | Status: Accepting Pre-Orders

The USMCA and Free Trade Agreements, 3d examines the origins of free trade agreements (FTAs) and customs unions (CUs) under Article 24 of the GATT. Presidents Trump and Biden have not been enthusiastic about free trade agreements. America’s trade partners and competitors, on the other hand, have enthusiastically secured free trade deals NOT involving the USA. The Comprehensive and Progressive Trans-Pacific Partnership (TPP-11), the Canada-EU FTA (CETA), the Japan-EU FTA, the expanded Mexico-EU FTA, the MERCOSUR-EU FTA, and the China-driven Regional Comprehensive Economic Partnership (RCEP 2020) in Asia provide excellent examples covered in this Concise Hornbook. The completion of BREXIT in 2020 caused the UK to seek and obtain dozens of FTA agreements with EU FTA partners and independently with Australia, New Zealand, the TPP-11, and others. Ultimately President Trump supported by numerous Democrats accepted the re-negotiation of NAFTA, resulting in the United States-Mexico-Canada Agreement (USMCA), which took effect July 1, 2021. Major developments under the USMCA and their impact on business are a central focus of this edition.


Imprint: West Academic Publishing
Series: Concise Hornbook Series
Publication Date: 10/30/2024
Related Subject(s): International-Business Trans, International-Nafta, International-Organizations

Ralph H. Folsom, University of San Diego School of Law

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International free trade "friend-shoring" arrives and why. Chinese businesses are catching up to those of the U.S., Japan and EU in using Mexico as a North American manufacturing and sales base. USMCA disputes decline as fewer investor-state arbitrations are permitted. Mexico and Canada, but not the USA, move on to other free trade deals.

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