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Weekly Report - 12 December 2019 (WR-19-49)
MEXICO: Revamped USMCA wins final approval
After months of protracted negotiations and uncertainty, a new trilateral trade agreement to replace the North American Free Trade Agreement (Nafta) won final approval this week. Senior officials from Mexico, the US, and Canada attended a signing ceremony in the national palace in Mexico City on 10 December to seal a revised version of Nafta’s successor, the US-Mexico-Canada Agreement (USMCA). Aside from possessing a far less catchy acronym, how does the USMCA differ and can it justify the hyperbole of being branded “the best trade deal in history” by the US Trade Representative, Robert Lighthizer, and President Donald Trump? President Andrés Manuel López Obrador will be hoping it comes close. He is relying on the USMCA entering into force early in 2020 to revive Mexico’s faltering economy.
- Fernández seeks to hit ground running in Argentina
- BOLIVIA: Struggling to turn a page
- ECUADOR: Deputies approve pivotal bills
- COLOMBIA: Slow progress in protest talks
- BRAZIL: Rising violence in the Amazon
- REGION: Mercosur adrift again?
- CHILE: Still struggling to appease protests
- MEXICO: Revamped USMCA wins final approval
- TRACKING TRENDS
- HONDURAS: First Cicig, next Maccih?
- TRACKING TRENDS
- Harmony prevails in Uruguay’s transition
- Quotes of the week