mobanmarketWASHINGTON: US and Mexican negotiators are “very close” to finalising the US-Mexico-Canada Agreement (USMCA), a Washington-based source familiar with the talks said on Saturday, after a top Mexico official said the two sides had made progress on the trade deal.
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The person added that US House Speaker Nancy Pelosi still needed to agree on revisions of the pact, known as USMCA.
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Mexico approved USMCA this year, but US ratification has been held up by Democratic lawmakers, who have voiced concerns over the enforcement of labour and environmental provisions.
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“We’re getting close, I’m confident,” Mexico’s deputy foreign minister for North America, Jesus Seade, told reporters outside the US Trade Representative’s office in Washington.
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He said he would likely return on Monday to continue talks.
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On Friday evening, Seade had said that many issues still needed to be resolved.
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A spokesman for Pelosi could not immediately be reached for comment, and the US Trade Representative’s office did not respond to a request for comment.
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One point of contention is over steel, after US Trade Representative Robert Lighthizer made a last-minute demand for a revised definition of what would constitute North American steel under automotive rules of origin.
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