NAFTA TO Finally See The Light Of Day
The United States and Canada have given more teeth to their free trade agreement, with Mexico also added into the new USMCA deal. Giving a new look to the quarter of a century old trade pact, the new agreement aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. Speaking on the effectiveness of the new agreement replacing the NAFTA, House Speaker Nancy Pelosi said that the new one is good news for the farmers. Post the formal signing in Mexico City, the agreement has finally launched what may be the final approval effort for U.S. President Donald Trump’s three-year quest to revamp the 1994 North American Free Trade Agreement (NAFTA), a deal he has blamed for the loss of millions of U.S. manufacturing jobs. Present at the occasion were important dignitaries including Mexican President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer...