Resolution Supporting Congressional Approval of the United States-Mexico-Canada Agreement (USMCA)

Summary
This model resolution supports speedy Congressional approval for the recently negotiated United States-Mexico-Canada Agreement (USMCA). A seamless transition between the current North American Free Trade Agreement (NAFTA) and USMCA will ensure that none of the benefits of the continuity in trade accomplished by the integration of the three North American economies will be lost. North American trade is vital to the U.S. economy and supports 12 million American jobs. Trade in goods and services facilitated by NAFTA totals $3.5 billion daily or $1.29 trillion annually. NAFTA was negotiated before intellectual property (IP)-intensive industries made up such a significant portion of U.S. GDP and when IP provisions in trade agreements were weaker than those found in more recent agreements negotiated by the United States. NAFTA came into force before today’s robust digital trade and e-commerce and before trade in services made up such a significant portion of international commerce. USMCA updates those provisions that were outdated while rebalancing the economic benefits to the United States that accrued from NAFTA.
https://www.alec.org/model-policy/resolution-supporting-congressional-approval-of-the-united-states-mexico-canada-agreement-usmca/