Mexico to send USMCA trade deal to Senate for approval

Mexico to send USMCA trade deal to Senate for approval

Mexico to be first country to agree to all terms in deal to replace NAFTA

By Sierra Juarez


SAN PEDRO POCHUTLA, Mexico (AA) - Mexican President Andres Manuel Lopez Obrador said Wednesday he will send the Senate the proposed trade agreement between his country, the United States and Canada.

Earlier this week, Lopez Obrador announced the Senate informally agreed to terms of the United States-Mexico-Canada Agreement (USMCA), which would replace the North American Free Trade Agreement (NAFTA).

“We consider this a good agreement for our nations,” he said Monday. “It’s very convenient for the people of the United States, the people of Canada and the people of Mexico.”

NAFTA eliminated trade barriers between the three nations. Mexico relies heavily on the trade agreement. In 2017, about 80% of the country’s exports went to the U.S.

Mexico is the first country to agree to all of the USMCA’s terms. The Mexican government is expected to quickly ratify the trade deal.

Lopez Obrador has “respectfully” asked U.S. House of Representatives Speaker Nancy Pelosi to advance the agreement through the chamber.

The deal still needs the approval of U.S. Congress before it can be finalized.

Kaynak:Source of News

This news has been read 190 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News