"These regular check-in points, including the one in 2026, are an opportunity to create even more certainty to extend the agreement beyond 2036."Ĭanada and Mexico are also keen to hear more about whether the U.S. "This agreement, as negotiated, provides both predictability and stability for 16 years, to 2036," she said. 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. seize their chance to ensure the deal survives well into the future. Capital Dispatch: Sign up for in-depth political coverage of Parliament Hillīut Ng says rather than hearing a ticking clock, she hopes both Mexico and the U.S.Department of Commerce estimates North American exports supported some 2.1 million jobs in 2021.Īll three sides will likely be thinking about the agreement's six-year review clause, which requires a comprehensive assessment of the deal by June 2026. exported nearly US$790 billion in goods and services under the trade deal in 2022, 31 per cent more than in 2012. Trade Representative Katherine Tai and Raquel Buenrostro, Mexico's economy secretary - the "three amigas," as Ng calls them. International Trade Minister Mary Ng is sitting down with U.S. North America's trading partners are in Cancun for two days of meetings to take stock of the last three years under the U.S.-Mexico-Canada Agreement.
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