Tag

USMCA
Will NAFTA 2.0 Really Boost Mexican Wages?
NAFTA is no more. The North American Free Trade Agreement has a new name — the United States-Mexico-Canada Agreement, or USMCA — and its rules have been updated and revamped. For Mexico, there’s one rule in particular that gives workers hope higher wages are coming. It says that 40 percent of a car must be...
Read More
The United States can extend a longer line of credit to Mexico if the country faces a currency crisis, according to the terms of a new agreement signed on Wednesday that follows the two countries’ trade deal. Mexico can negotiate for up to $9 billion under a currency “swap line” with the U.S. Treasury Department,...
Read More
Mexico’s Poor Farmers Aren’t Expected To Benefit From New Trade Deal
After the North American Free Trade Agreement went into effect in 1994, the U.S. saw large waves of illegal immigration from Mexico as small farmers, or campesinos, found it impossible to compete with heavily subsidized U.S. agriculture industry. “They were sunk from day one,” Duncan Wood, director of the Wilson Center’s Mexico Institute, told KPBS...
Read More
Incoming Mexican Foreign Secretary Marcelo Ebrard said on Monday that the trade agreement reached with the United States and Canada is an “opportunity to strengthen the internal market.” He spoke at a press conference along with Economy Secretary-designate Graciela Marquez, and the person named by President-elect Andres Manuel Lopez Obrador to observe the negotiations with...
Read More
Canada was back in a revamped North American free trade deal with the United States and Mexico late Sunday after weeks of bitter, high-pressure negotiations that brushed up against a midnight deadline. In a joint statement, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said the agreement “will strengthen the middle...
Read More