The United States-Mexico-Canada Agreement: A Glimpse Into the Geoeconomic World Order

113 American Journal of International Law Unbound 56 (2019)

Arizona Legal Studies Discussion Paper No. 19-05

6 Pages Posted: 25 Apr 2019

See all articles by Sergio Puig

Sergio Puig

University of Arizona - James E. Rogers College of Law

Date Written: April 17, 2019

Abstract

The United States-Mexico-Canada Agreement (USMCA) differs in a few important ways from prior trade deals signed by the United States but reveals a glimpse of the infrastructure for a new era in international economic governance. This new “Geoeconomic World Order,” will be characterized by great power rivalry between the United States and China, the intense use of protectionist tools to achieve strategic and political goals, and the diminished role of legal adjudication. This approach to trade policy will likely outlast the autocratic and/or nationalistic governments emerging around the world, including the current Trump administration. While international trade law will recover, it will look different in key respects—it will be less multilateral, predictable, justiciable, and enforceable. This more transactional view of international trade law implies a limit on the role of law and an increase in the use of power. It may force a retrenchment of international interdependence and a revival of zones of influence prevalent during the Cold War era.

Keywords: Post WWI era, economic interdependence, isolationist

Suggested Citation

Puig, Sergio, The United States-Mexico-Canada Agreement: A Glimpse Into the Geoeconomic World Order (April 17, 2019). 113 American Journal of International Law Unbound 56 (2019); Arizona Legal Studies Discussion Paper No. 19-05. Available at SSRN: https://ssrn.com/abstract=3375022

Sergio Puig (Contact Author)

University of Arizona - James E. Rogers College of Law ( email )

P.O. Box 210176
Tucson, AZ 85721-0176
United States

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