Canada Signs CUSMA (USMCA) with United States and Mexico

Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexican President Enrique Pena Nieto signed the most discussed and awaited North American Trade agreement on the side lines of the G20 summit in Buenos Aires.

Though Trump named the deal as United States–Mexico–Canada Agreement (USMCA), Canada will change the order of the countries in its legal version of the name, putting Canada first (CUSMA). Trudeau referred to the deal as the “new NAFTA.”

During the signing ceremony, Trudeau said “the economic uncertainty would have only gotten worse” had the parties not reached a new agreement.
For Mexico the deal was signed by Pena Nieto on his final day in office as new Mexican president was elected last summer and will be sworn in Saturday.

At home, Conservative leader Andrew Scheer criticized the agreement calling it “unprecedented” measures that Canada agreed to — limiting the dairy sector’s ability not just to sell to the U.S. or Mexico, but to other countries as well while American farmers can serve that market.