Tag: non-market country

US Mexico Canada Agreement USMCA, Article 32.10: Non-Market Country FTA Section

The US, Canada and Mexico have signed the USMCA, to be ratified by all, but pretty much done. One of the more controversial sections is Articles 32.10: Non-market Country FTA, designed to seemingly limit all three countries from having a free trade agreement with non-market countries, unnamed but specifically China. How does this work?

The actual Article 32.10 section is below in its entirety, quoted verbatim from the USMCA. Let us get to the important points.

Summary: If any USMCA country enters into a free trade agreement FTA with a non-market economy, the other USMCA countries could turn the USMCA into a bilateral agreement.