The US Treasury Secretary called the approval of the trade agreement by the lower house of Congress “restoring the balance of trade” between the three countries.
The House of Representatives on Thursday voted to approve the text of the US-Mexico-Canada trade agreement (USMCA).
The agreement, which was worked on by a team led by US trade representative Robert Lighthizer on the American side, has now passed to the Senate for consideration. It will then have to be signed by President Donald Trump.
US Treasury Secretary Steven Mnuchin called the approval of the trade agreement in the lower house of Congress “another big step forward in advancing President trump’s trade agenda” and “a significant achievement in modernizing and rebalancing US trade relations with Canada and Mexico.”
Secretary of state Mike Pompeo in a statement thanked colleagues from Mexico and Canada, without whom “we could not have reached this historic moment in our trade relations.”
“Through instruments such as the USMCA, we will continue to create conditions for the prosperity of the people of all our countries through free, fair and mutually beneficial trade,” Mike Pompeo said.