On September 30, 2018, the United States, Mexico and Canada (the Parties) reached an agreement to replace the North American Free Trade Agreement (NAFTA). The new agreement is called the United States-Mexico-Canada Agreement (USMCA). As has been widely reported, the Parties conducted many months of negotiations to reach this agreement.
It is important to note that the USMCA still has to be ratified by all the Parties. Until this ratification has taken place, the current NAFTA rules and regulations remain in place. This means that there is no immediate change to existing legal structure in place.