Outline:In July of 2020 the North American Free Trade Agreement (NAFTA), several decade old, was substituted by the United States, Mexico & Canada (USMCA) Trade Agreement signed by all three North American countries. After researching these commercial and trade documents proceed to complete the assignment and questions detailed below.Sources: Credited/relevant articles and publications on NAFTA and the USMCA Trade Agreement, preferably from all three countries involved.Assignment• Write a brief background about NAFTA. Its justification, objectives, scope, benefits & major issues during its duration.• Explain the major needs driving the decision to re-negotiate NAFTA and create the USMCA.• Explain the major differences between NAFTA and the USMCA and the public position on pros & cons from each of the signee perspective.Questions1. In your opinion which of the differences between NAFTA and the USMCA is the most relevant and why?2. In your opinion which key topics discussed in Williams MGMT11 Ch. 8 – Global Management relate to the USMCA? Explain?3. How does the USMCA affect the general business environment for companies established in the Rio Grande Valley?
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