- USMCA trade ministers meet, demonstrating that USMCA is in full force
- USMCA compliance required as of now
- Auto rules of origin and labor were key issues in discussions
On May 18, 2021, the U.S.-Mexico-Canada Agreement (USMCA) Free Trade Commission (FTC) held its inaugural meeting, which was led by U.S. Trade Representative (USTR) Katherine Tai, Mexico’s Secretary of Economy Tatiana Clouthier and Canada’s Minister of Small Business, Export Promotion and International Trade Mary Ng. The parties issued a joint statement at the close of the FTC meeting summarizing the developments and next steps.