US Congress on a path to yes on USMCA trade deal: Pelosi

WASHINGTON The Democratic controlled US Congress

is making progress towards approving a new free trade agreement with Canada

and Mexico soon House Speaker Nancy Pelosi said Wednesday.

Were on a path to yes as far as the trade agreement is concerned

Pelosi told reporters saying Democratic leaders are continuing to work with

President Donald Trumps trade officials.

Nearly a year after it was signed by the United States Canada and Mexico

the future of the US Mexico Canada Agreement (USMCA) a revamp to the 25

year old North American Free Trade Agreement remains in doubt.

But Pelosi said House Democrats can work with the administration despite

the impeachment proceedings underway against Trump.

We have a good working relationship. Believe me the quiet you hear is

progress she said at a media briefing.

Were trying to find common ground with the president. He always wanted

this. We do too she said.

While Mexico has ratified the treaty and it has made progress in Canada

Democrats say reforms to regulations governing Mexican laborers which are

meant to protect US industry from exploitative competition are so far

insufficient.

Pelosi said she remains concerned about the ability to ensure American

farmers and worker are protected from unfair competition.

We either have enforceability or we dont. But Im hopeful that we will

and Im hopeful that it will be soon she said.

Mexican President Andres Manuel Lopez Obrador earlier on Wednesday

expressed confidence the US Congress would approve the treaty soon despite

the worsening tensions over the impeachment proceedings.

The information I have is that both parties view the agreement

favorably and are overcoming their differences on this issue he said.

Despite the political and electoral differences that happen in any

democracy they are separating that from the issue of how important this

agreement is for the economy and for trade.

Source: Bangladesh Sangbad Sangstha (BSS)