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USMCA and NAFTA: Understanding the Differences

Learn key provisions of the new agreement and how they will impact North American trade and your bottom line.

Since the implementation of the North American Free Trade Act (NAFTA) in 1994, trade between the U.S., Canada, and Mexico has more than tripled, and the North American economy and supply chain networks have become even more integrated. With the adoption of the U.S.-Mexico-Canada Agreement (USMCA), which updates NAFTA in key ways, and with reconsideration of far-flung global supply chain networks in the wake of COVID-19 and national security concerns about dependence on China, we are entering a new era of North American economic integration. This topic will provide background on the USMCA and provide a practical summary of the key provisions of the new agreement, and how they will impact North American trade and your bottom line. The material will also discuss the phased implementation of the USMCA by the United States, Canada, and Mexico, enforcement mechanisms, and highlight key issues and potential pitfalls going forward. In short, this information is critical for anyone involved in the new, post-USMCA era of cross-border North American trade.

65 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

NAFTA and USMCA: Background and History

  • Background - NAFTA and the Economic Integration of North American Supply Networks, Deepening After 9/11
  • Trump and the Road to USMCA
  • The USMCA and North American Trade in a Global Context - Regional Trading Blocs in an Era of Rising Protectionism, U.S.-China Tensions and Post-COVID-19 Reconsideration of Attenuated Supply Chains

USMCA - Nuts and Bolts. What's in It? What's Different From NAFTA?

  • Big Picture - Key Differences Between NAFTA and USMCA
  • Rules of Origin Procedures and Standards; De Minimis Changes
  • USMCA Labor Rights Provisions
  • Intellectual Property Protections
  • Digital Trade and E-Commerce
  • Small and Medium Sized Enterprises (SMEs)
  • Specific Industry Areas of Note:
    • Automotive
    • Energy
    • Telecommunications
    • Agriculture and Dairy
  • Dispute Resolution and Enforcement

USMCA Implementation

  • Implementation by the U.S.
  • Implementation by Mexico
  • Implementation by Canada

Real-World Impacts of USMCA and Practical Tips

  • Are the U.S., Mexico, and Canada Living up to Their Promises?
  • Biden Reviews of U.S. Supply Chains and Dependence on China Post-COVID-19 - Will USMCA Pave Way for Expansion of North American Sourcing and Supply Chains?
  • Practical Tips for Importers and Exporters
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 29, 2021.

Call 1-866-352-9540 for further credit information.

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.0
     
  • Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Seth Stodder

Seth Stodder

Atlantic Council

  • Senior Fellow, Atlantic Council of the United States – Scowcroft Center for Strategy and Security
  • Lecturer in Law, University of Southern California Law School – Teaching National Security Law and Policy
  • Former Senior U.S. National Security, Border, Immigration and Trade Official; served in the Obama Administration as Assistant Secretary of Homeland Security for Borders, Immigration & Trade, and Assistant Secretary of Homeland Security for Threat Prevention and Security; served in the Bush Administration as Director of Policy for U.S. Customs and Border Protection (CBP), immediately after the 9/11 attacks; in these roles, he led diplomatic engagements with both Mexico and Canada, and was deeply involved in the development of the “smart border” agreements that strengthened the security of North America after 9/11, while also facilitating the cross-border movement of lawful trade essential to fulfilling the promise of NAFTA and USMCA; also oversaw implementation of the “single window” for U.S. Government analysis of trade data for risk assessment purposes, the development of the DHS strategy for facilitating the secure cross-border flow of e-commerce, and ongoing discussions with Canada and Mexico aimed at expanding the secure flow of lawful trade across our shared borders; also oversaw all national security reviews of foreign investments and represented the U.S. Department of Homeland Security (DHS) on the Committee on Foreign Investment in the United States (CFIUS)
  • Former Partner at Holland & Knight LLP, advising clients on international trade and customs issues, CFIUS, immigration and visa matters, cybersecurity and data privacy, government investigations, and national/homeland security
  • Frequent writer, speaker and media commentator on national/homeland security, borders, immigration, trade, cybersecurity, human rights, and foreign affairs
  • Member of the Council on Foreign Relations and the Pacific Council on International Policy; serves on the Global Advisory Board for the International Summit on Borders, and on the Alumni Leadership Council for the German Marshall Fund of the United States; member of the California State Bar, as well as the Bar of the Supreme Court of the United States
  • J.D. degree, University of Southern California Law School; B.A. degree, Haverford College
  • Can be contacted at 310-944-0592 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 405557
Published 2021
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