Mexico Senate ratifies USMCA trade deal - Breaking The News

Mexico Senate ratifies USMCA trade deal

19 June

1 min read

EPA-EFE / SASHENKA GUTIERREZ

Mexico's Senate voted on Wednesday with a large majority to ratify the United States-Mexico-Canada trade agreement, becoming the first country to give formal consent to the deal which was negotiated last year to replace the two-decades-old North American Free Trade Agreement (NAFTA). The vote comes after Mexico reached a deal to stop the flow of migrants across its territory in exchange for averting the tariffs on its exports proposed by the US and its President Donald Trump.

Commenting on the vote, Mexico's Economy Minister Graciela Marquez described it as "a clear message in favor of an open economy and deepening economic integration in the region."

Meanwhile, the US Trade Representative Robert Lighthizer said earlier today that he is ready to work with House Democrats "sooner rather than later" to resolve the differences on the USMCA and get the deal ratified in Congress.

trade nafta us-mexico relations usmca

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