USMCA faces limited time for ratification before holidays

It’s entirely possible that the United States Congress could ratify the U.S.-Canada-Mexico Agreement (USMCA/CUSMA) before Christmas, says Jim Wiesemeyer,  Washington analyst for ProFarmer, as the votes are there — but will they?

There is still work to be done in Congress ahead of the holidays, Wiesemeyer says, including passing a spending bill, so ratification before this session ends is possible. That said, 2020 is an election year: if the USMCA ratification is pushed into the new year, the odds of ratification decline dramatically.

Congress will be dealing with impeachment hearings of President Donald Trump, and in an election year, people will be focused on campaigning.

Wiesemeyer says that while that may be the case, there’s really no reason to wait to move the agreement forward as there are enough votes to pass it, and there’s no question it will pass in the senate, he says.

There are still a few points of the agreement that could be up for discussion, namely some labour and environmental rule enforcement, but any large-scale changes would flip the agreement back to Canada and Mexico — which is unlikely.

Canada’s trade industry will be watching closely for ratification to happen sooner rather than later, with the hopes of adding back some stability with Canada’s largest trading partner, the U.S.

Listen/watch the discussion below with Shaun Haney: 

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
scmtid,v,a,JSESSIONID
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gat
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp