Mexico calls new NAFTA agreement into question
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It is still unclear whether the United States, Mexico, and Canada will finalize a trade agreement that will replace the 25-year North American Free Trade Agreement (NAFTA), writes Financial Times daily. All because of fears in Mexico that their government made dangerous concessions to Washington.
Mexican President Andrés Manuel López Obrador hosted an American sales representative and Canadian deputy prime minister on December 10 at the signing ceremony of the revised version. But now Mexico has noticed that the USMCA draft executive bill sent to Congress on Friday contains a provision he did not agree to the appointment of five American attachés in Mexico to monitor compliance with labor laws.
In a letter to the Americans, Mexicans criticized the inclusion in the bill of "additional and unnecessary mechanisms for what has been carefully agreed." Meanwhile, the US ratification of the USMCA, which updates NAFTA, which has been in existence for a quarter of a century, appeared after the conclusion of the agreement between the speaker of the House of Representatives Nancy Pelosi and President Donald Trump, which allows her to be accepted by Congress after months of disputes.
