• CERTAINTY As Democrats in the US House of Representatives ponder whether to bring up for a vote the new US-Mexico-Canada Agreement (USMCA), Mexico’s Finance Minister Arturo Herrera made clear that this action would provide Mexico’s with an improved economic outlook.
• ACCESS With the International Monetary Fund (IMF) projecting a meager 0.9 GDP for the Mexican economy in 2019, the main objective in getting the USMCA ratified by the US Congress is to guarantee unhampered access to the US market where 76% of Mexican exports went in 2018.
• UNIQUE PATH “Even in a very complex [global] environment like this one if we get the treaty ratified in the coming weeks it would completely change the conditions of Mexico…There would be an almost unique path of certainty for Mexico, Canada and US”, said Herrera after an event in Mexico City.
• MEXICAN EFFORT Mexico became the first country to ratify the USMCA back in June. Right after winning the 2018 Presidential election, Andrés Manuel López Obrador dispatched now undersecretary Jesús Seade, to participate in the trilateral negotiation to modernize the 1993 NAFTA.
