USMCA trade pact could face a vote next week
The White House and U.S. House of Representatives have agreed to move forward with the pending trade agreement between the United States, Mexico and Canada, as announced this morning from leaders of both parties. According to several news outlets, trade officials from the all three nations are set to meet in Mexico City this afternoon for a ceremony.
Often called “the new NAFTA,” the U.S.-Mexico-Canada (USMCA) agreement is meant to modernize the trade deal between the three nations and, according to USTR, will “support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America.” For today’s announcement, the White House and House of Representatives came to terms on issues including workers’ rights, the environment, and prescription drugs.
Trans-Border will continue to monitor this developing situation and provide updates as needed. If you have any questions, please reach out to Bill Carey, Import Compliance Manager, at email@example.com or (800) 493-9444.