The  Government  of  the  United  States  of  America,  the  Government  of  the  United Mexican States, and the Government of Canada (collectively “the Parties”), resolving to:

STRENGTHEN ANEW the longstanding friendship between them and their peoples, and the strong economic cooperation that has developed through trade and investment;

REPLACE the 1994 North American Free Trade Agreement with a 21st Century, high standard new agreement to support mutually beneficial trade leading to freer, fairer markets, and to robust economic growth in the region;

PRESERVE  AND  EXPAND  regional  trade  and  production  by  further  incentivizing  the production and sourcing of goods and materials in the region;

ENHANCE AND PROMOTE the competitiveness of regional exports and firms in global markets, and conditions of fair competition in the region;

SUPPORT the growth and development of small and medium-sized enterprises by enhancing their ability to participate in and benefit from the opportunities created by this Agreement, recognizing their contributions to economic growth, employment, community development, and innovation;

ESTABLISH  a  clear,  transparent,  and  predictable  legal  and  commercial  framework  for business planning, that supports further expansion of trade and investment;

FACILITATE  trade  between  the  Parties  by  promoting  efficient  and  transparent  customs procedures  that  reduce  costs  and  ensure  predictability  for  importers  and  exporters,  and encourage the expand of cooperation in the area of trade facilitation and enforcement;

RECOGNIZE  their  inherent  right  to regulate  and  resolve  to preserve  the  flexibility  of  the Parties to set legislative and regulatory priorities, in a manner consistent with this Agreement, and protect legitimate public welfare objectives, such as public health, safety, the environment, the  conservation  of  living  or  non-living  exhaustible  natural  resources,  the  integrity  and stability  of  the  financial  system  and  public  morals,  in  accordance  with  the  rights  and obligations provided in this Agreement;

FACILITATE trade in goods and services between the Parties by preventing, identifying, and eliminating unnecessary technical barriers to trade, enhancing transparency, and promoting good regulatory practices;

PROTECT human, animal, or plant life or health in the territories of the Parties and advance science-based decision making while facilitating trade between them;

ELIMINATE obstacles to international trade which are more trade-restrictive than necessary;

FOSTER creativity and innovation, and promote trade in goods and services that are the subject of intellectual property rights, in a manner conducive to social and economic welfare

PROMOTE high levels of environmental protection, including through effective enforcement by  each  Party  of  its  environmental  laws,  as  well  as  through  enhanced  environmental cooperation,  and  further  the  aims  of  sustainable  development,  including  through  mutually supportive trade and environmental policies and practices;

PROMOTE  the  protection  and  enforcement  of  labor  rights,  the  improvement  of  working conditions, the strengthening of cooperation and the Parties’ capacity on labor issues;

SUPPORT the implementation of government-wide practices to promote regulatory quality through   greater   transparency,   objective   analysis,   accountability,   and   predictability, recognizing that these practices can facilitate international trade, investment, and economic growth, while contributing to each Party’s ability to achieve its public policy objectives;

PROMOTE transparency, good governance and the rule of law, and eliminate bribery and corruption in trade and investment;

RECOGNIZE  the  important  work  that  their  relevant  authorities  are  doing  to  strengthen macroeconomic cooperation; and

ESTABLISH   an   Agreement   to   address   future   trade   and   investment   challenges   and opportunities, and contribute to advancing their respective priorities over time,

HAVE AGREED as follows:

Leave a Reply