On May 23rd, 2017 the Office of the United States Trade Representative issued a federal register notice seeking views regarding the renegotiation of the North America Free Trade Agreement (NAFTA). The World Trade Center Arkansas has been actively involved in the ongoing modernization process on behalf of Arkansas companies. On August 16th, the USTR opened formal negotiations with Mexico and Canada to pursue modernization. On November 30, 2018 President Trump, President Enrique Peña-Nieto and Prime Minister Justin Trudeau signed the United States Mexico Canada Agreement (USMCA), a modernized version of NAFTA. The Agreement must still be ratified by the legislatures of Canada, Mexico and the United States.