Mexico on Wednesday became the first country to ratify the United States-Mexico-...
MEXICO CITY - Mexico on Wednesday became the first country to ratify the United States-Mexico-Canada Agreement agreed late last year to replace the North American Free Trade Agreement at the behest of U.S. President Donald Trump.
By a vote of 114 in favor to 4 against, Mexico’s Senate backed the trade deal tortuously negotiated between 2017 and 2018 after Trump repeatedly threatened to withdraw from NAFTA if he could not get a better trade deal for the United States. There has been little parliamentary opposition in Mexico to trying to safeguard market access to United States, by far Mexico’s most important export market, and the deal received support from nearly all the opposition lawmakers who voted.
Canada, which has also fought with Trump over trade, is pressing ahead to ratify the deal. The main question mark hanging over its ratification is in the United States, where Democratic lawmakers have threatened to block the process.
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