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LatinNews Daily - 04 June 2020
In brief: Mexico concludes key negotiation for USMCA
* Mexico’s economy ministry has reported that it has concluded technical negotiations with its counterparts in the US and Canada on the uniform regulations of the US-Mexico-Canada Agreement (USMCA), and published the agreed regulations accordingly. The clarification of the rules, which regulate central aspects of the trade deal such as origin requirements and customs administration, was a key demand by the principal vehicle and parts manufacturing unions in Mexico, which have lobbied the government since March to postpone the implementation of the USMCA to give firms more time to adjust to the new rules. This negotiation was one of the final unresolved matters ahead of the agreement coming into force on 1 July.
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