USMCA Talks In Mexico After Trump Says 'very Good Things' Happening
Faizan Hashmi 1 month ago Tue 10th December 2019 | 10:40 AM
Washington, (UrduPoint / Pakistan Point News - 10th Dec, 2019 ) :Officials from the US, Canada and Mexico will meet in Mexico on Tuesday for talks on a new continent-wide trade deal after President Donald Trump hinted that efforts to push the pact through the US Congress were close to success.
That would remove a principal hurdle to ratification of the deal, the fate of which had seemed precarious in recent weeks.
"There will be a meeting of the negotiating teams from Mexico, the United States and Canada on progress made," Mexican Foreign Minister Marcelo Ebrard said in a statement on his Twitter feed late Monday.
With the window narrowing for action by the Democrat-controlled House of Representatives as 2019 draws to a close and an election year approaches, there has been a flurry of last-minute activity on the pact.
"I am hearing very good things," the president said Monday. "I am hearing a lot of strides have been made over the last 48 hours." US Trade Representative Robert Lighthizer and senior Trump adviser Jared Kushner, the president's son-in-law, are expected Tuesday in Mexico, according to The Washington Post.
"We're working hard and hopeful it will get to ratification soon," he said.
Trudeau's office said he had spoken to Trump by phone and the two had vowed to stay "in touch through the final stages of the negotiations." - Positive signals - Citing unnamed sources, Fox business said negotiators had clinched a deal on oversight of Mexican labor laws and a final deal could emerge shortly that would allow all three countries to ratify the modified treaty.
"No agreement to announce yet," the person said on condition of anonymity.
More than a year ago, the United States, Mexico and Canada signed an update to the North American Free Trade Agreement (NAFTA), changing rules on auto and digital trade, Mexican labor laws, intellectual property and dispute settlement systems for investors.
Mexican lawmakers ratified the deal in June, but Democrats in Washington and US labor leaders have raised concerns -- looking for stronger guarantees that new Mexican labor laws will be enforced to prevent unfair competition with US workers.
Mexican President Andres Manuel Lopez Obrador said last week he would not accept a US proposal for supervisors to oversee the implementation of Mexico's labor reforms under the USMCA.