USMCA Signing

USMCA

CBJ — After many long hours and months of negotiating, Canada, the United States and Mexico have officially signed a new trilateral trade agreement to replace the North American Free Trade Agreement.

Deputy Prime Minister Chrystia Freeland is in Mexico as the Canadian government’s representative for the signing ceremony.

The final agreement was reached after U.S. Democrats made several adjustments, paving the way for the new United States-Canada-Mexico Agreement (USMCA) to be ratified.

In addition to Freeland, the U.S. is being represented by Robert Lighthizer and Mexico’s Undersecretary for North America, Jesús Seade.

U.S. House Speaker Nancy Pelosi announced that the Democrats had reached an agreement with the Trump administration to support changes to the language of the trilateral trade deal, paving the way for it to move forward to a conclusion.

@CanBizJournal

 

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