U.S. Reaches Trade Agreement with Mexico, Canada
WESLACO - Congressman Henry Cuellar announced that Congress has reached a deal on the United States-Mexico-Canada Agreement.
This trade agreement is expected to raise GDP by nearly $70 billion and create upwards of 200,000 American jobs.
This trade agreement includes Mexico’s labor and enforcement proposal.
The Mexican labor reform package gives workers in Mexico the right to organize, establishes the creation of tribunals, and provides that employers must engage in collective bargaining if requested by employees.
The Mexican government has pledged nearly $1 billion to implement a law to improve labor conditions.
The USMCA also includes an authorization to double the North American Development Bank’s re-capitalization, allowing the bank to support more projects along the border.
The total investment in capital will be $3 billion with equal commitments from the United States and Mexico.
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