Mexico became the first country to ratify the United States-Mexico-Canada\nAgreement agreed late last year to replace the North American Free Trade\nAgreement at the behest of U.S. President Donald Trump.<\/p>\n\n\n\n
By a vote of 114 in favour to four against, Mexico’s senate backed the\ntrade deal tortuously negotiated between 2017 and 2018 after Trump repeatedly\nthreatened to withdraw from NAFTA if he could not get a better trade deal for\nthe United States.<\/p>\n\n\n\n
Mexican President Andr\u00e9s Manuel L\u00f3pez Obrador had said the deal would be\nratified this week in the senate, where his leftist National Regeneration\nMovement (MORENA) and its allies have a comfortable majority in the 128-member\nchamber.<\/p>\n\n\n\n
There has been little parliamentary opposition in Mexico to trying to\nsafeguard market access to the United States, by far Mexico’s most important\nexport market, and the deal received support from nearly all the opposition\nlawmakers who voted.<\/p>\n\n\n\n
Mexico sends around 80 per cent of its exports to the United States,\nand Trump has vowed to impose tariffs on all Mexican goods if L\u00f3pez Obrador\ndoes not reduce the flow of U.S.-bound illegal immigration from Central\nAmerica.<\/p>\n\n\n\n
Canada, which has also fought with Trump over trade, is pressing ahead to\nratify the deal \u2014 which Ottawa refers to as the Canada-U.S.-Mexico Agreement,\nor CUSMA. The deal is also known colloquially as the “new NAFTA.” The\nmain question mark hanging over its ratification is in the U.S., where\nDemocratic lawmakers have threatened to block the process.<\/p>\n\n\n\n
Earlier on Wednesday, U.S. Trade Representative Robert Lighthizer said he\nbelieved Democrats’ concerns on enforcing labour and environmental provisions\nin the USMCA can be sorted out quickly. He spoke just hours after Democratic\nleader Nancy Pelosi said she still has many concerns over USMCA.<\/p>\n\n\n\n
Trump, who had excoriated the 25-year-old NAFTA as a “disaster”\nfor U.S. workers, wants to claim a first major trade deal victory as the\ncampaign for the 2020 presidential election begins. The Republican\nformally opened his re-election campaign in Florida on Tuesday and two\ndozen Democrats are competing for the party’s nomination to run against Trump.<\/p>\n\n\n\n
Trump, Prime Minister Justin Trudeau and Mexico’s previous president Enrique\nPe\u00f1a Nieto signed the USMCA on Nov. 30, 2018, after months of often acrimonious\ntalks stretching back to the American president’s first few days in office.<\/p>\n\n\n\n
L\u00f3pez Obrador took office on Dec. 1, 2018.<\/p>\n\n\n\n
Three of the four Mexican votes against the deal came from MORENA senators,\nas did one abstention. The other vote against the deal was from an Independent\nsenator, while two members of the centre-right National Action Party (PAN) also\nabstained.\n\nSeven senators were not present for the vote.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
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