Status Of Mexico Canada Trade Agreement

An up-to-date analysis of products is essential to determine recognition of originating status, to recertify products in accordance with the new USMCA Certificate of Origin rules, and to make operational adjustments that may allow preferential tariff treatment for regional trade. Fox News reported on December 9, 2019 that negotiators from the three countries have reached an agreement on implementation, paving the way for a final agreement within 24 hours and ratification by all three sides before the end of the year. Mexico has agreed to the imposition of a $16 per hour minimum wage for Mexican autoworkers by a “neutral” third party. .

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