Ministerial-level meetings to review proposed U.S. adaptations to the U.S.-Mexico-Canada Agreement (USMCA) concluded with a statement from Mexico’s North America Minister, Jesus Seade stating “there’s something complicated that (still) needs to be discussed”. That likely relates to labor rule enforcement. Mexico has already ratified the deal while the U.S. Congress has yet to receive a bill to pass and Canada’s government has a minority in parliament. The Mexican government will be keen to boost trade after total imports and exports of goods fell 4.0% year over year in October, including...
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