The acronym USMCA stands for “United States-Mexico-Canada Agreement. This is a trade agreement between the United States, Mexico, and Canada that replaces the North American Free Trade Agreement (NAFTA) since 2020.
The USMCA aims to modernize and enhance economic relations among the three countries by addressing contemporary trade issues, e.g. regarding to digital trade or labor rights. It includes provisions on environmental standards, automobile manufacturing, and agricultural trade to promote fair competition and economic growth across North America.