The recent United States-Mexico-Canada Agreement (USMCA), which replaces the North American Free Trade Agreement (NAFTA), claims to modernize and reinforce obligations regarding environmental matters that were previously covered in NAFTA and by the Commission for Environmental Cooperation (CEC).
This GT Alert summarizes some of the most important environmental aspects established by Chapter 24 of the USMCA and explains the scope of the new agreement’s binding obligations, which include conflict resolution through consultation and cooperation.
To read the full GT Alert, click here.