‘Three amigas’ meet in Cancun to discuss Canada-U.S.-Mexico trade deal
Tai’s office says the U.S. exported nearly US$790 billion in goods and services under the trade deal in 2022, 31 per cent more than in 2012.
But Ng says rather than hearing a ticking clock, she hopes both Mexico and the U.S. seize their chance to ensure the deal survives well into the future.The USMCA, known in Canada as CUSMA, is “the most successful in the world,” Ng said Wednesday from Mexico City, where she was meeting with women-owned businesses to talk about its impact.“This agreement, as negotiated, provides both predictability and stability for 16 years, to 2036,” she said.
For Ng, that question has been “on the top of my desk” for months, and underscores one of the most vital aspects of an international trade agreement: that all parties abide by the terms.“The rules that underpin all of us through this agreement are rules that we all value, and that we all must respect,” she said.
In a core component such as an engine, the long-standing concept of “roll-up” allows such a part to be considered as having 100 per cent North American origins once the regional threshold of its various elements is met.
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