Adds feedback from Mexico's president and chief USMCA negotiator, background particulars
Adds feedback from Mexico’s president and chief USMCA negotiator, background particulars
MEXICO CITY, Dec 12 (Reuters) – Mexico’s Senate on Thursday overwhelmingly accepted the revised U.S.-Mexico-Canada Agreement (USMCA) commerce deal that features more durable enforcement of employee rights and the elimination of a patent provision for biologic medication.
Senators accepted the adjustments to USMCA, which was signed greater than a yr in the past to exchange the decades-old North American Free Commerce Settlement (NAFTA), by a vote of 107-1.
“In Mexico, we did our half. The manager (department) signed and the Senate ratified the USMCA. Now it’s as much as the congresses of the US and Canada to do the identical. That is excellent news,” Mexican President Andres Manuel Lopez Obrador mentioned.
In a uncommon present of bipartisan and cross-border cooperation within the Trump period of worldwide commerce conflicts, prime officers from Canada, Mexico and the US signed the brand new overhaul of the quarter-century-old NAFTA on Tuesday.
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