MEXICO CITY – Mexico’s authorities will this week ship a letter to U.S. Home Speaker Nancy Pelosi urging Congress to approve a brand new commerce deal, the United States-Mexico-Canada Settlement (USMCA), President Andres Manuel Lopez Obrador stated on Monday.
Talking at an everyday authorities information convention alongside numerous ministers, Lopez Obrador stated he was certain that Pelosi and Democratic lawmakers would assist Mexico, and that he believed the U.S. Congress would approve the deal earlier than the top of 2019.
However, deputy overseas minister for North America Jesus Seade, Mexico’s chief negotiator for the USMCA, stated he was “pessimistic” that the accord can be permitted earlier than 2020.
Mexico, which ratified the USMCA earlier this yr, is keen for the settlement to be ratified as a result of the nation’s exports and overseas direct funding are closely depending on its unfettered entry to the U.S. market.
The USMCA was agreed final yr after a prolonged means of negotiation pushed by U.S. President Donald Trump to substitute the North American Free Trade Settlement (NAFTA).