On Thursday, January 16, 2020, the U.S. Senate ratified the U.S.- Mexico-Canada Trade Agreement (USMCA) that was passed by the House in December. Among other updates of the nearly 30 year old NAFTA, the USMCA establishes a first-of-its-kind United States-Mexico Rapid Response Mechanism to monitor and expedite enforcement of labor rights, and new rules of origin that require 40-45 percent of auto content be made by workers earning at least USD $16 per hour.
That same day, WITA held an event where a panel of experts explored the labor provisions in the USMCA and discussed if this agreement represents a new paradigm for trade negotiations going forward.
· Nicole Bivens Collinson, President, International Trade & Government Affairs Sandler Travis & Rosenberg P.A.
· Thea Lee, President, Economic Policy Institute
· Carol Pier, Managing Director, International Labor IMPAQ International
· Ted Posner, Partner, Weil, Gotshal & Manges LLP
· Ricardo Ramírez, Partner, RRH Consultores