The White House trade representative, Robert Lighthizer, stressed that the Treaty between Mexico, the United States and Canada (T-MEC) was ratified “overwhelmingly” and that President Donald Trump fulfilled his promise to update the Free Trade Agreement. of North America (NAFTA).
The draft Law to Implement the T-MEC was approved with a vote of 385-41 by the House of Representatives.
Now the United States Senate is required to ratify this new trade agreement, where it is expected that there will be no problem, since both in the Finance Committee, which will initiate the process, as in the plenary, the Republican Party has a majority.RELATED
“The approval of the T-MEC by the House of Representatives, with such great bipartisan support, is an important milestone and shows how much President Trump is successfully changing US trade policy to work for the benefit of workers , American farmers, ranchers and businesses, ”Lighthizer said in a statement.
The T-MEC is expected to create between 176,000 and 589,000 new US jobs and substantially increase economic growth.
The International Trade Commission's analysis also shows that the T-MEC will have a more positive impact on the economy, jobs and wages than any other US trade agreement, Lighthizer said.
The official negotiated the T-MEC from start to finish, with two different governments in Mexico, that of Enrique Peña Nieto and that of Andrés Manuel López Obrador, and with the administration of Canadian Prime Minister Justin Trudeau.
"It will create tens of thousands of new jobs, many of them important in manufacturing, and increase export opportunities for our farmers, ranchers and businesses," Lighthizer added.
At the beginning of next year the presidential campaign in the United States will begin formally, whose elections will be held on November 3, 2020.
“President Trump keeps his promise to replace the failed NAFTA with a much better trade agreement. Thanks to its leadership and the work of Republicans and Democrats in Congress, the T-MEC represents the gold standard in US trade policy and will be the template for future US trade agreements, ” said Lighthizer.