U.S., Canada and Mexico formally sign USMCA

The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.

U.S., Canada and Mexico formally sign USMCA

The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.

U.S., Canada and Mexico formally sign USMCA

The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.

 
President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto on Friday signed the U.S.-Mexico-Canada Agreement (USMCA), a crucial step toward the NAFTA update’s entry into force.
    “I must say, [President] Peña Nieto and Prime Minister Trudeau, we’ve worked hard on this agreement. It’s been long and hard. We’ve taken a lot of barbs and a little abuse. And we got there. It’s great for all of our countries,” Trump said in remarks during the signing ceremony on the sidelines of the G20 summit in Buenos Aires. “Thank you for your close partnership throughout this process. This new agreement will ensure a future of prosperity and innovation for Mexico, Canada, and the United States.”
    The next steps are for the U.S. International Trade Commission to finish its report on the likely economic effects of the USMCA and submit it to Congress, which is expected in March. After receiving the report, Congress then can consider legislation to implement the agreement.
Last year was one of the most unpredictable the container shipping industry has faced, and this year is likely to be similarly volatile with question marks still hanging over the U.S.-China trade war and new fuel regulations. However, despite being dogged by uncertainty, Drewry is predicting another solid year for the market.
Uncertainty over the cargo volumes in 2019 will continue due to the concerns on a global economic slowdown, Brexit, and the U.S.-China trade conflict.
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Trump-Xi truce good but details elusive, analysts say

Trump-Xi truce good but details elusive, analysts say

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U.S., Canada and Mexico formally sign USMCA

The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.

By Brian Bradley on Nov 30, 2018AmericanShipper.com

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U.S., Canada and Mexico formally sign USMCA

The leaders of the three countries signed the agreement on the sidelines of the G20 summit in Buenos Aires, teeing up the pact for respective domestic ratification processes.

By Brian Bradley on Nov 30, 2018AmericanShipper.com