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jesus-seade-undersecretary-mexio-press-conference-PEDRO-PARDO-AFP-via-Getty.jpg PEDRO PARDO/AFP/Getty Images
Jesus Seade, Mexico's negotiator for USMCA.

Mexican Negotiator Says USMCA Still Needs Work

Jesus Seade, Mexico's deputy foreign minister, said the countries had some remaining areas of disagreement.

Mexico’s negotiator for a trade agreement with the U.S. and Canada said there’s more work to do before the deal can win approval in U.S. Congress, increasing the odds that the debate may drag into next year.

Remaining differences focus on labor standards, dispute settlement, biologics and environmental rules, said Jesus Seade, Mexico’s deputy foreign minister.

“It’s more important to get the right treaty than a quick treaty,” Seade said on Friday in Ottawa following meetings with Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland.

The three countries have been making final tweaks to the U.S. Mexico Canada Agreement, or USMCA, to get it through U.S. Congress before legislative debate gets overwhelmed by the 2020 presidential campaign.

Seade also met with U.S. Trade Representative Robert Lighthizer in Washington on Wednesday. President Donald Trump’s administration and House Democrats have been locked in tense negotiations for months to try to secure a potential vote before the end of the year.

Despite the difficulties, an agreement could still happen as soon as next week, and ratification before the end of the year is still a possibility, Seade said. He cautioned that he needs to confer with President Andres Manuel Lopez Obrador and Mexico’s private sector before signing off on changes.

TAGS: Trade
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