Usmca Agreement News

octubre 13, 2021 leedeforest

Given that the outgoing President of Mexico, Enrique Peña Nieto, left office on 1 December 2018 and that 60 days of revision are required, the deadline for the submission of the agreed text was 30 September 2018, which was reached precisely on 30 September. Negotiators worked 24 hours a day and reached agreement on a draft text less than an hour before midnight on that date. The following day, October 1, 2018, the USMCA text was released as an agreed document. On April 3, 2020, Canada informed the United States and Mexico that it had completed its domestic ratification process for the agreement. [104] Like many Democrats, Lighthizer criticized America`s previous trade deals because they allow U.S. factories to move abroad and lack the tools to fight those who break the rules. .