Mexico Proposes 16-Year Extension Of Trade Agreement With US, Canada - Minister

MEXICO CITY, June 3 (Bernama-Sputnik/RIA Novosti) -- Mexico has officially notified Washington and Ottawa of its support for a 16-year extension of the United States-Mexico-Canada Agreement (USMCA), Mexican Economy Minister Marcelo Ebrard said.

"Mexico also supports the agreement being extended. In any case, it will remain in force for many more years, but we would like it to be extended for 16 years," Ebrard told reporters on Tuesday, reported Sputnik/RIA Novosti.

According to the minister, the corresponding notification has already been sent to the governments of the United States and Canada.

Mexican media reported that on June 1, Ebrard sent an official letter to US Trade Representative Jamieson Greer and Canadian Minister of Intergovernmental Affairs Dominic LeBlanc.

Canada also reportedly sent a letter to Washington in support of the agreement's extension. LeBlanc stated that the agreement is beneficial for all three countries and for an integrated North American economy.

A joint review of the agreement is scheduled for July 1, 2026. According to media reports, Washington has not yet officially responded to either the Mexican or Canadian requests.

The trilateral trade agreement between the United States, Mexico, and Canada entered into force on July 1, 2020, replacing the North America Free Trade Agreement (NAFTA), which had been in effect since 1994.

--BERNAMA-SPUTNIK/RIA NOVOSTI