Andres Manuel Lopez Obrador sending letter to US House Speaker seeking approval of USMCA
Sierra Juarez |
Mexican President Andres Manuel Lopez Obrador said Tuesday he is sending a letter to U.S. House Speaker Nancy Pelosi seeking approval of a proposed trade deal between the United States, Canada and Mexico.
“I am going to send a letter today explaining our position and asking her for her contribution [and] her support,” Obrador said at a press conference.
The United States-Mexico-Canada Agreement (USMCA) will replace the North American Free Trade Agreement, or NAFTA, which eliminated trade barriers between the three nations.
In 2017, about 80% of Mexico’s exports went to the U.S. The following year, the U.S. imported about $372 billion worth of goods from their southern neighbor. For this reason, the Mexican government is in favor of the trade deal.