Mexico First Approves The US Mexico Agreement

Original title: US media: under the threat of Trump's tariff, Mexico first approved the US Mexico agreement.

Reference News Network reported on June 21st, US media said the Mexico Senate approved a new free trade agreement with the United States and Canada in June 19th by overwhelming majority, making it the first country in the three countries to successfully approve the agreement by the legislature.

According to the The Associated Press report June 19th, the Mexico Senate passed the US Mexico Canada agreement with the result of 114 votes, 4 votes against and 3 abstentions. The agreement will replace the North American Free Trade Agreement. President Trump has threatened to withdraw from the North American Free Trade Agreement if Washington can not get better treatment from it.

Reported that Mexico President Lopez said in a recording that the voting result was "very good news".

He said: "this means that foreign investment in Mexico means that Mexico will create more jobs, which means that our trade with the United States has been safeguarded."

It is reported that the United States is Mexico's largest export market, so in Mexico, the agreement rarely encountered any resistance in the legislature. Trump had previously threatened that if Lopez could not reduce illegal immigrants from Central America to the United States, the United States would levy tariffs on all Mexico products.

Mexico's Ministry of Economic Affairs said in a statement that the Senate's approval of the agreement is "a clear signal from Mexico that supports economic openness and deepens regional economic integration".

In a statement, U.S. trade representative lato Hayes praised Mexico's approval of the agreement as a "crucial step forward".

It is widely expected that the Mexico Senate will ratify the agreement. Lopez's allies are dominant in the legislature, and conservative and pro trade members of the opposition are also considered to be supporters of the agreement.

It is reported that the US Mexico Canada agreement was drawn up last year by the delegation of then president Pena Nieto of Mexico and the delegation of President elect Lopez to ensure that the outgoing and incoming governments are involved. Lopez took office in December 1st last year, after a day's agreement was signed.

The agreement does not require the approval of the house of representatives of Mexico. However, it still needs to wait for us and Canadian parliamentarians to deliberate. In the Democratic controlled house of America, some members are still opposed to the ratification of the agreement.