By Deborah Belgum
With the last-minute announcement on Sept. 30 that Canada would be joining the free-trade agreement with the United States and Mexico, there will be a new North American Free Trade Agreement covering about $12.5 trillion in trade.
But it will no longer be referred to as NAFTA. Its new name is the United States-Mexico-Canada Agreement, or USMCA.
While the name is changed, many of the provisions governing textiles and apparel will remain the same. “For our sector, there were not the huge changes in the agreement that people had feared,” said Julie Hughes, the president of the U.S. Fashion Industry Association, a Washington, D.C., trade group representing apparel importers and retailers.