Deals Driver: The dawn of a new free trade agreement

Deals Driver: The dawn of a new free trade agreement

Deals driver provides a snapshot of the market forces driving mergers and acquisitions in the automotive sector


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The dawn of a new free trade agreement: CUSMA

The supply chain has always been a key part of the automotive industry but it has recently come under significant pressure due to COVID-19. Every aspect is being impacted, whether it be retooling production lines to produce ventilators and personal protective equipment (PPE), or finding new sources for parts and materials as international trade partners continue to feel the effects of the mandatory shutdown measures. Supply chain uncertainties are likely to become more prevalent as economies around the world seek to return to full production in an era where the knock-on effects of COVID-19 may have long-term impacts.

As of July 1, 2020, the North American Free Trade Agreement (NAFTA) was replaced by a new agreement known as the Canada, United States of America, and Mexico Agreement (CUSMA). CUSMA is not simply an enhancement of NAFTA, but rather, it is an entirely new agreement with new requirements that businesses will have to meet.

As organizations continue to grapple with the effects of COVID-19, CUSMA is now in effect, offering companies little time to ensure compliance with the new regulations.

Download the pdf below to learn more about what your organization needs to know about the new CUSMA implementation.

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