POST Online Media Lite Edition



 

Mexico’s parliament passes trade deal with US and Canada

Christian Fernsby |
Mexico's parliament has passed the new U.S.-Mexico-Canada (USMCA) trade agreement after months of intense negotiations.

Article continues below




"#TMEC [USMCA] approved! Mexico takes the lead, with clear signs that our economy is open market," said Jesus Seade, Mexico's undersecretary for foreign affairs and USMCA trade negotiator, in a Twitter post.

Seade expressed hope that other partners will follow suit in the interests of "a strong North America with clear rules, being attractive, stable and competitive for investment."

A picture posted by Saede shows that the agreement was passed in the parliament with 114 votes in favor, four against and three abstentions.

The trilateral trade bloc will be called USMCA instead of North American Free Trade Agreement (NAFTA) which was a condition of the U.S. President Donald Trump’s administration.


What to read next

Highlights: June 15 - June 20, 2015
Mexico’s petroleum exports up 21.5% in first 9 months
Macedonian president won't sign 'damaging' new name deal with Greece