International Trade & National Security partner Sanjay Mullick was quoted in this article regarding the success of the United-States-Mexico-Canada-Agreement (USMCA) as it relates to a recent dispute between the three parties related to the automobile industry.
“’There are signals that parties making use of the agreement’s provisions and mechanisms is itself somewhat of a success, when you look at how the US-China relationship is devolving, where we are with Covid-19, and in terms of reshoring supply chains. …All sides, Canada and Mexico in particular, are waiting to see if this panel dispute settlement process works and whether you can actually get identifiable, actionable, and timely remedies out of the mechanisms.
‘There was great desire, politically, from a policy perspective and from a trade perspective, to try to take steps to remedy what was being viewed as the de-industrialisation of the United States. A lot of that had to do with automobile manufacturing and manufacturing writ large.’”