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
400 Farm Groups Advocate for Protecting and Enhancing Crop Insurance in the 2023 Farm Bill BudgetMarch 16, 2023
President’s Proposed FY2024 Budget Confirms Crop Insurance IndispensableMarch 16, 2023
Grocery Food Inflation Maintains 10% HikeMarch 16, 2023
California Flooding Devastates Hundreds of Strawberry FarmsMarch 17, 2023
Access to Mexican Corn Market Critical for Success of U.S. GrowersMarch 17, 2023