United States – Mexico – Canada Trade Agreement -

Name	CUSMA
Members	United States – Mexico – Canada
Type of agreement	Multilateral Free Trade Agreement
Date of Signature	July 1, 2020
Current Status	On-going
Key points	1. Dairy and Agriculture: The USMCA will increase the access of U.S. farmers to Canadian milk that will allow up to 3.6% of the Canadian dairy market to be accessed tariff-free by the U.S. 2. Automobiles: The USMCA stipulates minimum salaries for employees: 40-45% of the work performed on qualifying cars must be done by workers receiving at least $16 (USD) per hour. 3. Tax -free shipping: A buyer in Mexico will be able to get items tax-free worth US$ 50.00. Shipments priced at US$ 117.00 will also be permitted to enter the US free of duty. For more details, kindly check the link in references.
Annexe	https://www.international.gc.ca/trade-commerce/assets/pdfs/agreements-accords/cusma-aceum/CUSMA-impact-repercussion-en.pdf

References

Knowledge Base