Retailers urge approval of USMCA

The National Retail Federation urged Congress to take action after its annual August recess to approve the U.S.-Mexico-Canada Agreement (USMCA), which would modernize trade between the three countries and replace the landmark North American Free Trade Agreement (NAFTA). Since NAFTA took effect 25 years ago, e-commerce has changed how businesses operate and how consumers purchase goods, but the agreement still lacks provisions relating to digital trade. By ratifying the USMCA, Congress will help ensure that the new agreement reflects today’s global economy.