Mexican Senate approves USMCA agreement

Monday, 24 June 2019 23:33:18 (GMT+3)   |   Sao Paulo

Mexico’s Senate approved late last week the trade agreement between the US, Mexico and Canada, also known as the USMCA agreement, the Mexican government said.

Mexican policymakers approved the trilateral agreement with 114 votes. Four senators voted against the USMCA agreement and three did not vote.

The Mexican government said the approval by the Senate of the trilateral trade agreement is a “clear message” in support of the “open economy.”

Mexico said the USMCA agreement would bring several benefits to the nation, including predictability for trade and the integration of production for the local Mexican automotive sector.

The US has yet to ratify the USMCA agreement. Mexico was first out of the three countries to officially ratify the agreement.

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