Plot Twist in North American Trade! 📉
Hold onto your hats, because the trade scene in North America just got a bit spicy. The US and Mexico are gearing up for three rounds of high-stakes talks to revamp the United States-Mexico-Canada Agreement (USMCA), but there's a huge catch: Canada isn't mentioned in the current guest list for these sessions. 😬
The US Trade Representative's office just dropped the news that bilateral negotiations are kicking off this week. Deputy USTR Jeffrey Goettman is heading to Mexico City this Thursday and Friday to dive deep into economic security and the "rules of origin" for key industrial goods. Basically, they are figuring out exactly where products are made and how to secure the supply chain. 🛠️
But wait, there's more! This is just the start of a three-part negotiation marathon scheduled for this summer:
- Round 1: This week in Mexico City, focusing on industrial goods and security. 🇲🇽
- Round 2: June 16-17 in Washington, where the talk shifts to agriculture and ensuring a "level playing field." 🇺🇸
- Round 3: Returning to Mexico City during the week of July 20. 🇲🇽
The US is making it clear that the goal is to ensure the USMCA brings maximum benefits to US manufacturers, farmers, ranchers, and workers, as well as small and medium-sized businesses. 🚜💼
While USTR Jamieson Greer is staying in Washington to attend a White House cabinet meeting this Thursday, the momentum is moving fast. With the USMCA scheduled for a full review this year, the global community is wondering how this bilateral approach will affect the broader North American partnership. 🇨🇦❓
Stay tuned to NewspaperAmigo as we keep an eye on this trade drama! 🌍💬✨
Reference(s):
Mexico, US set three rounds of USMCA trade talks without Canada
cgtn.com
