Mexican Legislature Becomes First to Pass USMCA

Mexico’s Senate has voted to ratify the new trade agreement with the United States and Canada. That makes Mexico the first of the three countries to gain legislative approval. Mexico’s Senate voted 114 to 4 in favor of the U.S.-Mexico-Canada Agreement.

According to milkbusiness.com, there has been little parliamentary opposition in Mexico to trying to safeguard market access to the U.S. and the deal was backed by nearly all the opposition lawmakers who voted.

The deal is still awaiting the approval of legislatures in the U.S. and Canada.