BREAKING NEWS
This content is not available in your region

Mexico becomes first country to ratify USMCA trade deal via Senate vote

Access to the comments Comments
Mexico becomes first country to ratify USMCA trade deal via Senate vote
FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador holds a news conference at the National Palace in Mexico City, Mexico, June 7, 2019. REUTERS/Edgard Garrido   -   Copyright  EDGARD GARRIDO(Reuters)
Text size Aa Aa

MEXICOCITY (Reuters) – Mexico on Wednesday became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) agreed last year by the three countries to replace the 25-year-old North American Free Trade Agreement (NAFTA).

By an overwhelming majority, Mexico’s Senate backed the trade deal negotiated between 2017 and 2018 after U.S. President Donald Trump threatened to withdraw from NAFTA if he could not get a better trade deal for the United States.

Mexican President Andres Manuel Lopez Obrador had already said the deal would be ratified this week in the Senate, where his leftist National Regeneration Movement (MORENA) and its allies have a comfortable majority in the 128-member chamber.

There has been little parliamentary opposition in Mexico to trying to safeguard market access to United States, by far Mexico’s most important export market, and the deal was backed by nearly all the opposition lawmakers who voted.

The USMCA was ratified with 114 Senators voting in favour and four against. There were three abstentions.

Three of the four votes against the deal came from MORENA senators, as did one abstention. The other vote against the deal was from an independent senator, while two members of the centre-right National Action Party (PAN) also abstained.

Seven senators were not present for the vote.

(Reporting by Miguel Angel Lopez; Editing by Dave Graham and Tom Brown)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.