News / Goodbye NAFTA: replacement trade deal lowers e-commerce threshold

© Marc Bruxelle

After 14 months of terse wrangling, the brinkmanship over NAFTA has finally reached a resolution, one that is expected to boost cross-border e-commerce.

Canadian and US negotiators thrashed out a compromise at the eleventh hour that ushers in a new framework – goodbye NAFTA, hello USMCA (US-Mexico-Canada Agreement).

The breakthrough paves the way for a new accord to replace the 24-year-old NAFTA regime before December 1, when Mexico’s outgoing president leaves office.

After the US reached agreement with Mexico last month, there was ...