Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Ag...
MEXICO CITY - Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday.
Mexican lawmakers earlier this year approved the deal, known as USMCA, which would replace the North American Free Trade Agreement. But Democratic lawmakers have held up U.S. ratification over concerns about how labor and environmental provisions would be enforced. “Mexico has shared that this would bring lots of problems,” Ebrard told reporters, adding that Jesus Seade, Mexico’s top negotiator for USMCA, would travel to Washington within hours to present Mexico’s terms.
Mexico would allow the rule for steel to be enforced after at least five years but not accept the tighter rule for aluminum because the country does not produce the metal’s raw materials, Ebrard said.
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