US Senate passes amended USMCA deal, Canada still to approve



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US Senate passes amended USMCA deal, Canada still to approve

On Thursday, the 16th of January 2020, the US Senate had approved an amended version of the USMCA (United States-Mexico-Canada) deal signed off late on 2018 in a bid to replace a 26-year-old NAFTA (North American Free Trade Agreement) deal, however, the Canadian parliament had yet to approve the bill.

In point of fact, the amended version of USMCA deal that US President Donald Trump alongside Mexico’s Andres Manuel Lopez Obrador and Canada’ Justine Trudeau had signed off later on 2018 had faced off steep opposition from the Democrats in the House of Congress, as after more than a year of negotiations, three northern American nations had reached a revamped version of the deal that included stiffer regulations on labour safety issues and automotive contents, but left $1.2 trillion worth of annual trade volume largely unaltered.

Aside from that, late on Thursday (January 16th), a revamped version of former NAFTA deal was passed in a Senate 89 to 10 in a bipartisan vote, while the passed text bill was sent yesterday (January 16th) night to the United States President Donald Trump for him to sign off the law.

However, back in the December 19th of 2019, the Democratic-controlled US House of Representatives had passed the USMCA bill after yielding several changes to enforce a better labour safety law alongside stiffer environmental legislations.