"We have reached a fundamental agreement. This is an agreement that works for the benefit of the three peoples, nations and governments", Mexican President Andres Manuel Lopez Obrador announced after signing the protocol of amendments to the agreement during the ceremony in Mexico City broadcast on the Mexican government's Twitter blog.
#TMEC— EL CEO (@elceo__) December 10, 2019
🎙 "Se logra la unidad de el continente americano, la unidad de nuestro continente, la unidad de todos los países, los pueblos de nuestra América"
Andrés Manuel López Obrador, presidente de México pic.twitter.com/J6nfby9Jrc
Work on revising the provisions of the North American Free Trade Agreement began in 2017 and was marked by a number of conflicts, including the threat of the introduction of US duties on Canada.
The amended US-Mexico-Canada Agreement (USMCA) revises the rules for participants' access to the domestic markets of the three countries, tariffs and some norms of labor legislation. After the signing, the document must be ratified by the respective parliaments. The new norms are expected to enter in force in June 2020.