Trump, Nieto, Trudeau Sign US-Canada-Mexico Trade Deal Replacing NAFTA
TEHRAN (Tasnim) - US President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Pena Nieto, the leaders of the largest states in North America, are taking part in a signing ceremony to kick off the new US-Mexico-Canada Agreement at the G20 summit in Buenos Aires on Friday.
After the deal is signed, it will need to receive approval from the countries' respective legislatures, Sputnik reported.
The step comes after the United States, Mexico and Canada agreed in late September on establishing a new trade deal, the US-Mexico-Canada Agreement (USMCA), which is set to replace the North American Free Trade Agreement (NAFTA), established in 1994.
Since Donald Trump's election in 2016, he has been calling on NAFTA's signatories to renegotiate the deal, in the hopes of reaching a more advantageous agreement.
