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US, Canada and Mexico will seal their new trade agreement in the G-20

24 de noviembre de 2018 00:44
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US, Canada and Mexico will seal their new trade agreement in the G-20

WASHINGTON.- The new trade agreement between the United States, Canada and Mexico will be signed in Buenos Aires at a ceremony on Friday morning in the morning with the presence of the leaders of the three countries, Donald Trump, Justin Trudeau, and Enrique Peña Nieto, who will finish his presidency the next day and will hand over power to Andrés Manuel López Obrador.

The signature in Buenos Aires of the TMEC , as it is known the treaty that will replace the North American Free Trade Agreement (Nafta) was confirmed to LA NACION by two diplomatic sources in Washington. The ceremony would take place at the Hyatt Hotel, before the formal start of the summit of G-20 leaders .

Trump, Trudeau and Peña Nieto will each provide a brief message after the rubric, and will culminate with a handshake months of twists and turns, discussions - Twitter messages included -, and tense and complex negotiations. Once signed, the agreement must be confirmed by the parliaments of each country.

The firm will also offer the first optimistic photo in Buenos Aires, in the epilogue of a year marked by the commercial war that Trump opened with the main trade partners of the first global power. The businessman imposed tariffs on steel imports - a direct blow for Mexico and Canada, but also the European Union, Brazil and Argentina, among other US partners - and imposed taxes on imports from China, the main target of Trump's battle.

The renegotiation of Nafta was one of the main campaign promises of Trump, who, now, must deal with a divided Congress to achieve his goals, since the Democrats recovered control of the House of Representatives a few weeks ago.

The signing of the TMEC will be one of Trump's first activities in Buenos Aires. Earlier, the president will have breakfast with President Mauricio Macri. Trump will arrive in Argentina on Thursday 29 at night, and return the next day to Washington. Not inclined to travel neither to attend summits, the will not participate in the closing of the meeting of leaders of the G-20. His vice president, Mike Pence, will travel to Andrés Manuel López Obrador's inauguration as president of Mexico, on December 1.

Both the United States and Mexico and Canada presented the new trade agreement as an achievement. The suspense in the negotiations had been maintained until the last minute. Just days before the new pact was announced, Trump had suspended a bilateral meeting with Trudeau, a sit-in that gave oxygen to fears of a regional fracture that would have been catastrophic.

For Peña Nieto, signing the agreement will be one of the last act of his administration, a six-year term that was tainted by corruption and violence.

Mexico and Canada are still negotiating with the United States a solution to avoid the tariff of 25% on steel and 10% on aluminum imposed by Trump with a quota system, such as that achieved by Argentina.


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