Dear clients and friends,
Today the governments of Mexico, United States and Canada signed in our country some amendments to the Treaty between the United Mexican States, the United States of America and Canada ("USMCA"), notwithstanding that an initial text had already been ratified by the Senate on June 19, 2019.
Although the three countries had agreed on a definitive version of the USMCA that would substitute the North American Free Trade Agreement, its ratification by some members of the U.S. Congress was conditioned on including certain additional points, which resulted in a de facto reopening of the negotiations which concluded today.
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Von Wobeser y Sierra, S.C.