Canada, Mexico and the United States have reached an agreement on a revised North American free trade pact. The deal, seen as a replacement for the 25-year-old NAFTA, is the result of more than two years of wrangling.
After months of negotiations, representatives from the United States, Mexico and Canada on Tuesday inked a revamped version of their regional trade pact.
The signing ceremony in Mexico City was attended by Mexican President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, US Trade Representative Robert Lighthizer, and US White House adviser, Jared Kushner.
The United States-Mexico-Canada Agreement (USMCA) will now go to the countries’ legislatures for final approval. The accord is meant to update the North American Free Trade Agreement (NAFTA), a deal in place since 1994.
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