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United States-Mexico-Canada Agreement (USMCA) and its Implications
As stated by McGuire (2018), the economic growth of a nation greatly depends on the
kind of trade and commerce relation that it shares with its neighboring nations since it not only
facilitates economic growth but also helps in the reduction of their unemployment rate as well.
Laurens et al. (2019) are of the viewpoint that the trade and commerce relations among USA,
Canada and Mexico had not been ideal one and this had adversely affected the economic growth
of the nations of all these three nations. Thus, the United States-Mexico-Canada Agreement
(USMCA) had been proposed which seeks to remedy this issue and thereby to facilitate the
economic growth or development of these three nations by offering them free trade, adequate
labor facilities and others. The purpose of this paper is to undertake a critical analysis of the
article “The USMCA explained: Winners and losers, what’s in and what’s out” which highlights
the implications of the concerned agreement for the three nations under discussion here.
Proudfoot and Markusoff (2020) in the article under discussion here highlight the fact
that all the three nations, namely, USA, Canada and Mexico, are likely to derive ample amount
of benefits through the proposed USMCA. More importantly, this particular agreement is likely
to especially benefit the automobile industry, diary industry and the steel industry of the nations
of Canada and Mexico and also likely to safeguard them against the exploitation or for that