Mexico’s Senate has voted to ratify the new trade agreement with the United States and Canada. That makes Mexico the first of the three countries to gain legislative approval. Mexico’s Senate voted 114 to 4 in favor of the U.S.-Mexico-Canada Agreement.
“USMCA passes! Mexico goes first with clear signal that our economy is open,” Jesús Seade, Mexico’s undersecretary for foreign affairs, tweeted Wednesday.
Several Mexican Senators have expressed concern about President Donald Trump’s unpredictability, but ultimately saw the deal as a way to provide economic stability to Mexicans, Politico reports.
The deal is still awaiting the approval of legislatures in the U.S. and Canada. This week U.S. Trade Representative Robert Lighthizer testified before Congress multiple times, and urged Congress to take up the deal. The ball is in House Speaker Nancy Pelosi’s court. It’s up to her to put the ratification vote on the House schedule.
Source: Marjorie Kulba, AgDay TV
Butter Prices Strong in 2022November 29, 2022
Data Shows Farmland Values Unbothered by Higher Interest RatesNovember 29, 2022
Freezing Weather, Drought Stops Movement on Mississippi RiverNovember 29, 2022
Release: USDA Expands Revenue Protection to Oat and Rye ProducersDecember 1, 2022
5 Tips for Managing Tougher Weeds in 2023November 30, 2022