GFM Network News


CUSMA pact to take effect July 1, USTR says

Washington | Reuters -- U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada[...]

U.S. Senate passes CUSMA trade deal

Washington | Reuters -- The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the[...]


U.S. House passes CUSMA

Washington | Reuters -- The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after[...]

USMCA dispute panel fix must be 'across the board,' Mexico says

Mexico City | Reuters -- Mexico sees a push to close a dispute resolution loophole in the Canada-U.S.-Mexico trade deal as a way to protect its interests as well as helping satisfy demands by U.S. Democrats that the deal contain stricter labour measures, a senior official said on Thursday. Reuters reported last week that Mexico[...]


Mexico says will seek deal with Canada if NAFTA talks fail

Mexico City | Reuters -- Mexico's incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday. After more than a year of talks to modernize the NAFTA trade pact between the United States, Mexico and Canada,[...]

Mexico, Canada insist on three-way NAFTA deal

Mexico City | Reuters -- Canadian and Mexican officials insisted that the North American Free Trade Agreement remain a trilateral pact on Wednesday and reiterated their opposition to U.S. calls for a so-called "sunset clause" that could end the deal after five years. After a meeting in Mexico City, Canadian Foreign Minister Chrystia Freeland and[...]


U.S. to take another look at Pacific trade pact

Washington | Reuters -- U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans-Pacific Partnership, a multinational trade pact he withdrew the U.S. from last year, White House spokeswoman Lindsay Walters said. Republican senators met with Trump on Thursday and he told them that he has asked U.S. Trade Representative[...]

Trade bloc Mercosur, Canada launch talks for trade deal

Asuncion| Reuters -- South American trade bloc Mercosur formally launched discussions for a trade deal with Canada on Friday, in a move officials said would signal an embrace of free trade at a time other countries are moving toward protectionist policies. For Canada, the talks with the group, which includes Argentina, Brazil, Paraguay and Uruguay,[...]