politics
Canada calls on US, Mexico to renew free-trade deal for another 16 years
Key takeaways
- LeBlanc called the USMCA highly beneficial to each of our countries and to the integrated North American economy in his letter.
- He also acknowledged that some countries might want to propose improvements and said that Canada is willing to consider any proposal that can be beneficial to all three nations long-term prosperity.
- The three countries have been bound by a free trade agreement since 1992, previously under the North American Free Trade Agreement.
Why this matters: political developments that affect policy direction and public trust.
In a Tuesday letter to U.S. Trade Representative Jamieson Greer and Mexico s Economy Secretary Marcelo Ebrard, Canada s minister for U.S. trade Dominic Le Blanc called on the countries to re-sign the United States-Canada-Mexico (USMCA) for another 16-year period before the deadline on July 1.
LeBlanc called the USMCA highly beneficial to each of our countries and to the integrated North American economy in his letter.
He also acknowledged that some countries might want to propose improvements and said that Canada is willing to consider any proposal that can be beneficial to all three nations long-term prosperity.
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