Pelosi, White House Have Tentative USMCA Deal
Speaker Nancy Pelosi said the U.S. House of Representatives is making progress daily in approving the trade agreement that President Donald Trump has negotiated with Canada and Mexico..
Pelosi announced the ratification of the agreement, which was signed almost a year ago, adding that the investigation in her chamber on the subject of Trump’s prosecution, «has nothing in common» with work on the agreement.
«We are moving in line with the trade agreement between the US, Mexico and Canada, making progress every day, ”Pelosi said. – I am optimistic that we are still on the road to agreement, and that … we will soon come to conclusions on this matter».
The Trump administration is in talks with House Democrats to address concerns over the US-Mexico-Canada Agreement (USMCA) to replace the $ 1 Trillion North American Free Trade Agreement (NAFTA).
Mexico has already ratified the trade treaty, but Canada has not. This was agreed last year after Republican Trump said the existing NAFTA deal was unfavorable for U.S. workers and businesses..
In the United States, the deal must be approved in a divided US Congress, where Republicans control the Senate and Democrats control the House of Representatives. Republicans fear the deal could collapse during the 2020 U.S. presidential election if U.S. lawmakers don’t ratify it soon.
Democrats say they are working closely with the US Trade Representative’s office to resolve issues. They pushed for measures to ensure proper compliance with the labor and climatic conditions of the transaction, as well as changes in the regulations regarding pharmaceuticals..
Chairman of the Committee «Ways and media» Richard Neal told reporters on Wednesday that he is optimistic about the progress in the talks following the meeting of the Democratic House of Representatives working group with US Trade Representative Robert Lighthizer..
He said he plans to meet with Canadian Prime Minister Justin Trudeau in Canada next week after meeting with Mexican President Andres Manuel Lopez Obrador earlier this month..
Kevin Brady’s spokesman for a Republican on the House and Funds committee told reporters Thursday that «four very big progress» were achieved in four key areas of Democratic activity.
«I think they are getting close to that, and I’m just happy with the progress made, ”Brady said. – I am convinced that we can do it in the presidential office this year.».
Pelosi did not provide details on what changes the Democrats brought about, but said the trade agreement could ultimately serve as a model for future trade deals..
«If we can come to an agreement that I think we are close to implementing, it will be a blueprint for future trade agreements, ”she said. – We have the ability to do it right».