U.S. edges closer to finalizing trade deal with Mexico and Canada

High level officials from the U.S., Canadian and Mexican governments met Wednesday in Washington seeking to finalize a new trade agreement.

AP:

The session involved U.S. Trade Representative Robert Lighthizer, Canadian Deputy Prime Minister Chrystia Freeland and Mexican Undersecretary for North America Jesús Seade.

“Today it was a good meeting, good work has been done,” Freeland told reporters after a session that lasted about an hour.

The United States, Mexico and Canada agreed last year to replace the 25-year-old North American Free Trade Agreement with a new pact, the U.S.-Mexico-Canada Agreement.

It needs approval by legislators in each country, and only Mexico’s congress has ratified the deal so far.

MacDailyNews Take: It will be good to have a signed USMCA pact in place as soon as possible!

3 Comments

  1. The meeting is irrelevant. The deal is already finalized and ratified by Mexico. What is still needed are the individual ratifications by Canada and the United States.

  2. You guys DO realize that CUSMA/TMEC/USMCA is practically identical to NAFTA. It really was all just a marketing ploy to look like you’re fulfilling an election promise.

    The big difference is that the name is now regionalized and more confusing.
    Instead of NAFTA, we have CUSMA in Canada, USMCA in the USA, and TMEC in Mexico.

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