What You Need To Know As NAFTA 2.0 Takes Effect

Law360 (June 30, 2020, 7:31 PM EDT) -- After more than 26 years on the books, the North American Free Trade Agreement is being replaced by the Trump administration's updated accord with Canada and Mexico, bringing with it a bevy of new challenges for companies across numerous industries operating in the region.

The U.S.-Mexico-Canada Agreement will take effect on Wednesday, instituting modest updates to the NAFTA structure in some cases and drastically overhauling it in others. The administration has issued a number of rules firming up the thornier parts of the agreement in recent months as a means of preparing businesses for a new era of compliance.

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