December 19, 2019 / 10:06 PM / 2 months ago

USMCA approval will trigger investment, growth: Mexico foreign minister

Mexico's President Andres Manuel Lopez Obrador celebrates the U.S. House approval of the USMCA North American trade deal at the National Palace in Mexico City, Mexico, December 19, 2019. Mexico's Presidency/Handout via REUTERS

MEXICO CITY (Reuters) - Mexican Foreign Minister Marcelo Ebrard said on Thursday that a new North American trade deal will start a new phase of investment and growth for Mexico, ending a period of uncertainty.

The U.S. House of Representatives approved the United States-Mexico-Canada Agreement (USMCA), sending the deal which replaces the North American Free Trade Agreement (NAFTA) to the Senate for consideration early in 2020.

Reporting by Daina Beth Solomon

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