{"id":16945,"date":"2018-10-01T08:24:48","date_gmt":"2018-10-01T08:24:48","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=16945"},"modified":"2018-10-01T08:24:48","modified_gmt":"2018-10-01T08:24:48","slug":"us-mexico-canada-agree-on-new-trade-pact-to-replace-nafta","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=16945","title":{"rendered":"US, Mexico, Canada agree on new trade pact to replace NAFTA"},"content":{"rendered":"
\n

Negotiators from Canada and the United States<\/a> went down to the wire but were able to reach an agreement on a new free trade pact that will include Mexico, the governments announced late on Sunday night.<\/p>\n

The United States-Mexico-Canada Agreement (USMCA) updates and replaces the nearly 25-year-old North American Free Trade Agreement (NAFTA<\/a>), which US President Donald Trump<\/a> had labelled a disaster and promised to cancel.<\/p>\n

The rewrite “will result in freer markets, fairer trade and robust economic growth in our region,” according to a joint statement from US Trade Representative Robert Lighthizer and Canada’s Foreign Affairs Minister Chrystia Freeland.<\/p>\n

After more than a year of talks, and six weeks of intense discussions, the governments were able to overcome their differences with both sides conceding some ground, but both hailing the agreement as a good deal for their citizens in the region of 500 million residents that conducts about one trillion US dollars in trade a year.<\/p>\n

Al Jazeera’s Heidi Zhou-Castro, reporting from Washington DC, said\u00a0the US is trumpeting this as a win for all three nations involved.<\/span><\/p>\n

“This is the fulfilment one of Trump’s most important campaign promises, this is the president who prides in calling himself “the deal maker”, and this is a win for his ‘America first’ policy,” she said.<\/p>\n

“He had long complained that NAFTA was costing US manufacturing jobs and that it was leading to this trade deficit with Mexico.”<\/p>\n

Canada<\/a> will open its dairy market further to US producers, and Washington left unchanged the dispute settlement provisions which Ottawa demanded.<\/p>\n

This will allow them to sign the agreement before Mexico’s President Enrique Pena Nieto<\/a> leaves office December 1, the date that was the cause of the last minute flurry of activity.<\/p>\n

Under US law, the White House is required to submit the text of the trade deal to Congress 60 days before signing – and officials barely made it by midnight.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Negotiators from Canada and the United States went down to the wire but were able to reach an agreement on a new free trade pact that will include Mexico, the governments announced late on Sunday night. The United States-Mexico-Canada Agreement (USMCA) updates and replaces the nearly 25-year-old North American Free Trade Agreement (NAFTA), which US…<\/p>\n","protected":false},"author":10,"featured_media":16946,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-16945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle_east_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/16945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16945"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/16945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/16946"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}