[Reuters, Washington / Mexico City]-US President Pelosi said on May 26 that the Democratic Party has voted for the new US-Mexico-Canada Agreement (USMCA) to replace the North American Free Trade Agreement (NAFTA). The occupying House showed that it was working on ratification.
President Trump was concerned that the USMCA's parliament ratification process could be confused by the start of the presidential impeachment investigation on the 25th. [nL3N26G3QV]
At a press conference, Mr. Pelosi revealed that the House Democratic Party had talked about USMCA on the 25th. He announced that it will begin a formal investigation on Trump's impeachment on the 24th.
“We are moving forward with USMCA,” he said. “I hope we continue to follow the path towards approval.”
Mr. Pelosi does not mention the timing of the USMCA ratification approval that he anticipates. Of the three countries, only Mexico has completed the ratification process.
Hess Seade, Vice-Minister for Foreign Affairs of Mexico in NAFTA renegotiations, told Reuters on the 25th that there will be a problem within a few weeks regarding measures to ensure the implementation of labor and environmental regulations that the US Democratic Party is concerned about. An optimistic view that it will be resolved.
“We hope that by the end of October, Pelosi will give a go-ahead”. He also pointed out that it will be difficult to settle down and discuss issues other than the US presidential election next year.
Mr. Cadet also explained that the Democratic Party is concerned about the possibility of not allocating sufficient budget for Mexico's trade union reform, but the budget for carrying out the reform is actually increasing. “This is not the ultimate obstacle,” he stressed.