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The Signing Of The New North American Trade Agreement Between Mexico And Mexico Still Requires The Approval Of The 3 National Congress.

2019/12/12 16:38:00 0

Trade AgreementsCongress

The high-ranking officials of the United States, Mexico and Canada signed a revised version of the United States-Mexico-Canada Agreement (USMCA) in Mexico, capital of Mexico, in December 10th (2019) to replace the 25 year history of the North American trade agreement (North American Free Trade Agreement), which came into force in 1994.

The signing ceremony was attended by Mexico President Lopez Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Fang Huilan (Chrystia Freeland), US trade representative Wright Hayes (Robert Lighthizer) and senior White House adviser Kushna (Jared Kushner).

USMCA must be approved by the Congress of the 3 countries of Mexico.

USMCA signed more than a year ago, but the Democratic Party controls the federal house of Representatives. The Democratic Party demands that the implementation of labour and environmental regulations be drastically amended before putting the case on the table.

The Democratic Party, the trump government and Mexico have intensified consultations over the past week, and have tighter rules in protecting labor rights and reducing the advantages of low wages.

Nancy Pelosi, the chairman of the US House of Representatives, said at a press conference that "the new version is much better than the first version put forward by the government," and said that the house is now ready to vote on the agreement.

Both Republican and Democratic members said that the revised version of USMCA was widely supported.

USMCA covers North America's annual trade volume of US $1 trillion and 200 billion. The support camp said the new agreement is related to 12 million jobs in the United States and one third of US agricultural exports.

But Senate majority leader Mcconne (Mitch McConnell) said the Senate would not consider USMCA this year. This means that the agreement will not be able to pass the U.S. Congress this year.

Kangnai said the Senate would hear the case after impeachment trial by trump. He said, "I do not think this agreement is as good as I hoped before. "

The Democrats of the house of Representatives today proposed two impeachment charges against trump, accusation of abuse of power and obstruction of congressional investigation.

If the house of Commons next week is expected to vote on impeachment clauses, trump will become the fourth American president who has been impeached.

The house controlled by the Democratic Party is almost certain to be tried by the Senate controlled by the Republican Party through impeachment clauses. The Senate trial may start in January of next year.

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