Mexico is the first country to ratify the United States-Mexico-Canada trade agreement – or USMCA – by a vote of 114 in favor and four against in the Senate. Mexican President Andrés Manuel López Obrador stated that the agreement means foreign investment and new jobs in Mexico, facilitating and guaranteeing trade within North America. Mexico’s ratification of USMCA included six parallel agreements between the United States and Mexico.
Canada and the U.S. have yet to ratify the agreement. The Chamber continues to lead advocacy efforts to secure support from Congress which is expected to take up the agreement around the time of our annual Delegation trip to Washington D.C. in September.
Chamber VP Paola Avila coauthored an op-ed on the importance of ratifying the agreement with Glenn Hamer, President and CEO of the Arizona Chamber of Commerce and Industry. The piece appeared in The Daily Transcript in San Diego and The Record Reporter in Arizona.