Global EditionASIA 中文双语Français
China Daily / 2020-08 / 01 / Page004

Wider 'circle of friends' can blunt US attacks

By Liu Weiping and Yu Zheng | China Daily | Updated: 2020-08-01 00:00

The United States-Mexico-Canada Agreement, which the US president has called the "largest, fairest, and most balanced trade agreement in history", formally came into force on July 1. Centered on the basic idea of "America first", the USMCA not only strengthens the rules of origin, intellectual property rights, digital trade, labor, environment and other standards based on the now defunct North American Free Trade Agreement, but also contains a "poison pill" clause in Chapter 32, which says that if any of the three countries signs a free trade agreement with a "non-market economy", the other partners have the right to withdraw after six months and replace it with, say, a new bilateral agreement.

From the perspective of regional cooperation among the US, Mexico and Canada, the "poison pill" clause has limited direct impact on China, and it is difficult for the US to use it to target China in the short term. But from a medium-and long-term perspective and in the context of increasing global economic uncertainties, the ultimate impact of the "poison pill" clause will depend on the outcome of Sino-US disputes at the global, regional and bilateral levels.

Limited impact of 'poison pill' clause on China

Report cites rights progress in Tibet

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349