Canada has formally requested a 16-year extension of the United States-Mexico-Canada Agreement (USMCA). As part of the review process now underway, further negotiations with the United States and Mexico are expected to continue in the coming weeks.
Canada has reportedly submitted its request to the parties for a 16-year renewal of the USMCA.
Canada’s Minister Responsible for Trade with the United States, Dominic LeBlanc, sent letters regarding the agreement to U.S. Trade Representative Jamieson Greer and Mexico’s Secretary of Economy Marcelo Ebrard.
In his letter, LeBlanc conveyed Canada’s proposal to extend the free trade agreement for another 16 years, stating, “The agreement has been highly beneficial for the parties and for the integrated North American economy.”
LeBlanc also noted that he had received letters from both Greer and Ebrard as part of the process.
The U.S. and Mexico to Hold Two More Rounds of Talks
The United States and Mexico completed their first bilateral discussions on May 30 as part of the Joint Review process of the USMCA.
It was announced that the second round of talks will take place in Washington, D.C., on June 16–17, where discussions will continue with a focus on agriculture and maintaining a level playing field. A third round of negotiations is scheduled to be held in Mexico City during the week of July 20.