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US, Mexico and Canada reach agreement on new trade agreement

2019-12-11T04:28:12.356Z

After two years of difficult negotiations, the United States, Mexico and Canada reached an agreement Tuesday, paving the way for a new trade agreement between the three North American countries.



After two years of difficult negotiations, the United States, Mexico and Canada reached an agreement Tuesday, paving the way for a new trade agreement between the three North American countries.

According to US trade representative Robert Lighthizer, after the last adjustments to the agreement have been made, the "best trade agreement in history" is on the table.

The final ratification of the treaty is likely to be delayed due to the settlement procedure against US President Donald Trump, said Mitch McConnel, leader of the Republicans in the Senate Tuesday.

The new USMCA free trade agreement is the successor to the 25-year-old North American free trade agreement NAFTA, which Trump previously called a "disaster for the US".

Source: nunl

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