The new trade agreement linking the united States, Mexico and Canada (AEUMC), extensively negotiated by the three parties, will come into force on the 1st July, announced on Friday that the administration of Donald Trump.
After a final notification to the us Congress, the United States has officially adopted this agreement, thereby putting an end to a process that had started with the arrival of the billionaire republican to the White House, which wanted to replace the previous partnership known as NAFTA.
“The entry into force of the AEUMC marks the beginning of a new chapter to the history of the north american trade, supporting a trade that is more balanced and reciprocal, leading to freer exchanges, to trade more equitable and robust economic growth in North America,” says the press service of the Trade representative of the us administration.
“The crisis and the recovery after the pandemic of the COVID-19 demonstrate that now, more than ever, the United States should strive to increase the manufacturing capacity and investment in North America,” said Robert Lighthizer in the document. The new commercial treaty ” is in this respect a major step “.
The agreement had been ratified by Mexico on December 10, promulgated by the american president Donald Trump on the 29th of January, and adopted by the canadian parliament on 13 march.
The AEUMC (called ACEUM in Canada), which binds to nearly 500 million people, is a modernized version of the treaty of free trade in north america (NAFTA), concluded in 1994 and for a long time maligned by the current host of the White House.
Donald Trump had imposed the renegotiation of NAFTA to its partners in August 2017, on the grounds that it was “the worst trade agreement in history” of the United States.
After a marathon of negotiations, the AEUMC had been signed by the three countries concerned, in its original version, at the end of November 2018, on the sidelines of the G20 summit in Buenos Aires.
But the us democrats, the majority in the House of representatives, had retoqué the text, requiring amendments to get to the Mexico city safeguards on his social reform on employment.
Preparation of a north american plan to restart the automotive industry
Mexico, the United States and Canada are preparing a plan to restart the automotive industry, a vital sector for the Latin american country, and the shutdown due to the pandemic of sars coronavirus, said on Friday the mexican government.
The authorities of the three countries intend to establish “criteria, guidelines, protocols and conditions that must be met to allow for and make the transition to the re-opening of the productive activities of the automotive industry,” details the press release Mexico city, which focuses on the ” protection of health “.
The plan will be clarified in the coming days, and will also restart other economic activities, non-essential and which are stationary since the emergence of the epidemic of COVID-19.
Mexico is one of the biggest exporters in the world of automobiles, with its territory of plants of groups such as Ford, Volkswagen or Audi.
The automotive sector has played a key role in the discussions held by Mexico, the United States and Canada to update the free trade Agreement north american (NAFTA).