Canadian Manufacturing

Future Mexican minister: Trade deal could be signed at G20

Carlos Urzua said that "all possibilities'' point to a signing in Argentina

November 27, 2018  by The Associated Press

MEXICO CITY – The man tapped to head Mexico’s finance ministry after Dec. 1 says officials are expected to sign a revamped trade agreement with the United States and Canada at the Group of 20 summit in Argentina this week.

Carlos Urzua said late Monday that “all possibilities” point to a signing in Argentina.

He said the pact would then have to be ratified by the legislatures in all three countries.

Urzua will lead the ministry when Mexican President-elect Andres Manuel Lopez Obrador takes office Saturday.

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The new deal was once known as the North American Free Trade Agreement, but was renegotiated this year and been renamed the U.S.-Mexico-Canada Agreement, or USMCA.