Mexican President Andres Manuel Lopez Obrador will be in Washington this week to celebrate the U.S.-Mexico-Canada Agreement on trade going into full effect. The Washington Trade Daily says Obrador will meet with President Trump and may also meet with Canadian Prime Minister Justin Trudeau.
As the agreement between the three North American countries enters into force, Obrador is making the trip to signal Mexico’s commitment to the USMCA and that it’s a reliable partner in the agreement.
Mexico’s Secretary of the Economy spoke recently during a webinar sponsored by the Atlantic Council, noting that implementation of the USMCA is even more important as the countries try to recover from COVID-19.
The trade pact was negotiated before the coronavirus outbreak took off, but it can also be a model for trade in the post-pandemic world. The Hagstrom Report says officials in Mexico also believe that in the wake of COVID-19, most countries will be looking to bring their supply chains closer to home.