Thursday, November 21, 2019

Mexico ratifies new trade agreement with US and Canada

Featured

Hong Kong: Students movement threatens the next escalation

Possibly it was due to the mediators that worse could be prevented in Hong Kong. The deputies, lawyers and...

Trump said: Sondland is great American now President’s famous ‘U-turn’

President Donald Trump has a history of distancing himself from associates who have found themselves in legal trouble or...

Babri mosque: Indian Supreme Court ruled in favor of Hindus in a dispute over a religious position with Muslims

India's Supreme Court on Saturday ruled in favor of a Hindu group in a long-running legal battle over a...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Mexico was the first State to ratify the new North American Free Trade Agreement, at the insistence of the US President Donald Trump to replace the 25-year-old NAFTA agreement. With 114 votes to four, the Senate voted by a clear majority on Wednesday for the USMCA agreement, with which Mexico seeks to secure market access to the United States.

Eighty percent of Mexican exports goes to the United States. Trump had threatened to quit the trade pact altogether if there were none better conditions for his country.

After months of negotiations, an agreement was reached at the end of November. The third Contracting State of Canada also promotes ratification.

However, there is resistance in America, where the opposition Democrats have threatened to blockade because of concerns over labor law and environmental requirements.

Trump had recently threatened Mexico with punitive tariffs despite the agreement, should the neighboring country not take more vigorous action against immigration to America.

Mexico had finally agreed. The tariffs would have hit German companies such as Volkswagen, BMW and Daimler, which manufacture in Mexico.

Read also: Mexico adjusts immigration policy to US investments

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Greece closes three migrant camps

Greece will close three of the largest migrant camps, located on an island near Turkey, and replace them with...

Alibaba is going public in Hong Kong, despite the escalating protests

Chinese Internet corporation Alibaba announced on Wednesday at what price it intends to sell its shares intended for trading on the Hong Kong Stock...

Gordon Sondland raises serious charges against Trump

The US ambassador to the European Union Gordon Sondland has charged President Donald Trump with the Ukraine affair, although he has not clearly substantiated...

Two Australian universities refused to be associated with Prince Andrew

Two Australian universities have cut ties with a charity body founded by Prince Andrew, after he refused to deny his friendship with sex offender...

Australia bush fires: Over 100 schools are closed, 300 homes destroyed

Australia bush fires: More than 100 schools in southeastern Australia are closed on Wednesday and authorities are warning residents in high-risk zones to be...
- Advertisement -

Related News