A top Mexican trade negotiator said that the final terms on the United States-Mexico-Canada Agreement (USMCA) could be resolved this week.
Mexico’s undersecretary for North America Jesús Seade made the statement last Friday while in Ottawa. He completed his meeting with Canadian Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland, who both met with U.S. Trade Representative Robert E. Lighthizer at an earlier time, according to The Washington Post.
Lighthizer worked with House Democrats over the past few months to resolve concerns with the agreement, including labor, environment, drug pricing and enforcement provisions. Currently, labor issues remain the major obstacle all parties are working to resolve to reach a deal.
“There are important issues still being looked at, but a lot of issues have already been overcome,” Seade said. “If the amendments suggested are acceptable improvements, then there’s no reason why we should not be shaking hands next week.”
MEMA is in full support of the USMCA and has encouraged Congress to ratify the trade agreement as soon as possible. The USMCA will provide economic certainty and opportunity for manufacturing growth in the United States and throughout the region. This economic certainty is essential to preserve and enhance vital North American supply chains for the U.S. automotive sector. That in turn allow U.S. suppliers to be competitive in the global mobility marketplace.