North American Investment Law and Policy: Developments in 2019

In the final weeks and days of 2019, significant changes via legislative ratifications to the North American investment treaty template were made, most notably with approvals of the US-Mexico-Canada Agreement (USMCA) that will replace the 1993 North American Free Trade Agreement (NAFTA). On December 10, the three governments signed the final version of the pact. Two days later, Mexico’s Senate passed it on a 107-1 vote. A week later, the US House of Representatives followed suit on a 385-41 vote.