Weekly Report - 11 October 2018 (WR-18-40)

MEXICO | USMCA ratification. Following the sealing of the US-Mexico-Canada Agreement (USMCA) trilateral trade deal that is to replace the North American Free Trade Agreement (Nafta) [WR-18-39], the government transition team of President-elect Andrés Manuel López Obrador has been actively lobbying in favour of the deal ratification so that it can come into effect. It must first be ratified by the respective legislatures of the three North American countries. Both the Mexican and US governments have said they would like the ratification process to be concluded ahead of the US midterm legislative elections in November and before the change in government in Mexico in December. However, Mexico’s business sector has expressed some misgivings about the deal and called for the senate to analyse it closely.

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