Today, in the city of Buenos Aires, Argentina, President of Mexico, Enrique Peña Nieto, President of the United States, Donald J. Trump, and Prime Minister of Canada, Justin Trudeau, signed the Trade Agreement between Mexico, the United States and Canada (USMCA).
Gathered in the framework of the G20 Leaders Summit’, the leaders of the three countries welcomed the signing of the T-MEC, and declared that this agreement strengthens the commercial integration of North America, maintaining it as one of the most competitive regions in the world.
The negotiation of the T-MEC made it possible to reaffirm the importance of the economic integration of North America. It is the first trade agreement that incorporates elements to address the social impact of international trade, since it facilitates the participation of more sectors of the economy, extends the protection of workers' rights, strengthens environmental protection and incorporates a revision clause that will facilitate its constant updating.
The signing of the T-MEC closes the negotiation phase of the Treaty, giving way to the stage of legislative approval, in accordance with the respective internal processes of each of the countries. In the case of Mexico, the USMCA will be submitted to the Senate by the president for consideration and eventual ratification.