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US Considers Separate Protocols for Canada, Mexico in USMCA Review
(MENAFN) The United States is exploring the possibility of establishing separate protocols for Canada and Mexico as part of a review of the US-Mexico-Canada Agreement (USMCA), according to reports.
The move comes amid differing trade disputes and economic circumstances with each country.
Speaking at an event hosted by the Hudson Institute, US trade representative Jamieson Greer noted that Washington believes some elements of the agreement require adjustment and highlighted that US President Donald Trump has expressed dissatisfaction with certain aspects of the deal.
Greer said Trump aims to create a more balanced trade framework with both northern and southern neighbors. While acknowledging that the agreement retains important provisions, he argued that country-specific mechanisms may be necessary to supplement its core structure.
“We do have to have some kind of a protocol with Mexico and one with Canada separately,” Greer said. “Our import export profile is different with each country, and the labor situation in each country is different. The reasons why we have deficits with these countries are different.
So it necessitates two separate protocols that we I think layer over those loadbearing pillars of USMCA."
He added that negotiations will continue ahead of a USMCA Joint Review Meeting scheduled for July 1, with the goal of resolving as many issues as possible before then.
The move comes amid differing trade disputes and economic circumstances with each country.
Speaking at an event hosted by the Hudson Institute, US trade representative Jamieson Greer noted that Washington believes some elements of the agreement require adjustment and highlighted that US President Donald Trump has expressed dissatisfaction with certain aspects of the deal.
Greer said Trump aims to create a more balanced trade framework with both northern and southern neighbors. While acknowledging that the agreement retains important provisions, he argued that country-specific mechanisms may be necessary to supplement its core structure.
“We do have to have some kind of a protocol with Mexico and one with Canada separately,” Greer said. “Our import export profile is different with each country, and the labor situation in each country is different. The reasons why we have deficits with these countries are different.
So it necessitates two separate protocols that we I think layer over those loadbearing pillars of USMCA."
He added that negotiations will continue ahead of a USMCA Joint Review Meeting scheduled for July 1, with the goal of resolving as many issues as possible before then.
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