Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Mexican Senate commissions pass draft law to ratify trade deal

Published 06/14/2019, 10:27 PM
Updated 06/14/2019, 10:30 PM
© Reuters. FILE PHOTO: Mexico's Senator Ricardo Monreal speaks during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal, at the Senate building in Mexico City

© Reuters. FILE PHOTO: Mexico's Senator Ricardo Monreal speaks during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal, at the Senate building in Mexico City

MEXICO CITY (Reuters) - Several commissions in Mexico's Senate on Friday approved a draft law that would ratify the trade deal with the United States and Canada meant to replace the North America Free Trade Agreement, the Senate said in a statement.

The law to create the United States-Mexico-Canada Agreement, or USMCA, is slated to be voted on in the full Senate on Tuesday.

In the United States, President Donald Trump's administration has been pushing Congress to speed up a vote on the agreement, but the Democratic-led House of Representatives has sought more time to review the deal.

"We will have a trade deal signed and ratified this very June," said Ricardo Monreal, the Senate leader of the MORENA party, in the Senate's statement. "No fine print, nor negotiations or deals done in the dark between Mexico and the United States."

© Reuters. FILE PHOTO: Mexico's Senator Ricardo Monreal speaks during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal, at the Senate building in Mexico City

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.