Every thing you wanted to know about inflation and trade is explained in these 36 chapters using President Trump’s United States-Mexico-Canada Agreement Text (USMCA) plus annex (in part) and schedules, conveniently posted on UtahStandardNews.

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https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/united-states-mexico

 

CHAPTER 26 COMPETITIVENESS

Article 26.1: North American Competitiveness Committee

  1. Recognizing their unique economic and commercial ties, close proximity, and extensive trade flows through their borders, the Parties affirm their shared interest in strengthening regional economic growth, prosperity, and competitiveness.
  2. With a view to promoting further economic integration among the Parties and enhancing the competitiveness of North American exports, the Parties hereby establish a Committee on Competitiveness (Committee), composed of government representatives of each Party.
  3. Each Party shall designate a contact point for the Committee; notify the other Parties of the contact point; and promptly notify the other Parties of any subsequent changes. Recognizing the need for a comprehensive and coordinated approach to enhance North American competitiveness, the contact point shall coordinate with relevant government departments and agencies.
  4. The Committee will discuss and develop cooperative activities in support of a strong economic environment that incentivizes production in North America, facilitates regional trade and investment, enhances a predictable and transparent regulatory environment, encourages the swift movement of goods and provision of services throughout the region, and responds to market developments and emerging technologies.
  5. The Committee shall:
  6. (a)  discuss effective approaches and develop information-sharing activities to support a competitive environment in North America that facilitates trade and investment between the Parties, and promotes economic integration and development within the free trade area;
  7. (b)  explore ways to further assist traders of a Party to identify and take advantage of trade opportunities under the Agreement;
  8. (c)  provide advice and recommendations, as appropriate, to the Commission on ways to further enhance the competitiveness of the North American economy, including recommendations aimed at enhancing the participation of SMEs, and enterprises owned by under-represented groups including women, indigenous peoples, youth and minorities;

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  1. (d)  identify priority projects and policies to develop a modern physical and digital trade- and investment-related infrastructure, and improve the movement of goods and provision of services within the free trade area;
  2. (e)  discuss collective action to combat market-distorting practices by non-Parties that are affecting the region;
  3. (f)  promote cooperative activities for trade and investment between the Parties with respect to innovation and technology, including best practices in their application; and
  4. (g)  engage in other activities as the Parties may decide.
  5. The Committee shall meet within one year of the date of entry into force of this Agreement, and annually thereafter, unless the Parties decide otherwise.
  6. The Committee shall develop a work plan to carry out its functions under paragraph 3. The Committee shall submit a report to the Commission with the results that have been achieved under the work plan together with any advice and recommendations, if appropriate, on ways to further enhance the competitiveness of the North American economy. The Committee shall publish the work plan and report. The Parties shall undertake the above activities on an annual basis, unless the Parties decide otherwise.
  7. In carrying out its functions, the Committee may work with other committees, working groups, and any other subsidiary body established under this Agreement. The Committee may also seek advice from, and consider the work of, appropriate experts. The Committee shall ensure that it does not duplicate the activities of these other bodies.

Article 26.2: Engagement with Interested Persons

Each Party shall establish or maintain an appropriate mechanism to provide regular and timely opportunities for interested persons to provide input on matters relevant to enhancing competitiveness.

Article 26.3: Non-Application of Dispute Settlement

No Party shall have recourse to dispute settlement under Chapter 31 (Dispute Settlement) for a matter arising under this Chapter.

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