Better to have separate U.S., Mexico agreements if CUSMA collapses: Trade lawyer
BNN Bloomberg
Separate bilateral agreements could still be beneficial if the Canada-United States-Mexico Agreement (CUSMA) falls apart, explains an international trade lawyer.
His comments come after reports that the U.S. Trade Representative Jamieson Greer suggested this week that the U.S. is considering negotiating separate trade deals with the two countries rather than maintaining the trilateral pact up for review on July 1.
The possibility of this even happening was envisaged from the very start, when there were talks of CUSMA coming under review, Lawrence Herman, international trade lawyer at Cassidy Levy Kent LLP, told BNN Bloomberg.
Herman said separate bilateral deals would not be easy, but could be done.
“There are a lot of provisions in the CUSMA that could be used in a bilateral agreement with Canada, as well as a separate bilateral agreement with Mexico,” said Herman.
Negotiations will be difficult whether it’s a three party negotiation or bilateral negotiations between Canada and Mexico, said Herman.
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