Mexico’s government will need to allocate MXN 1.4 billion (€65 million) in order to implement the labor reforms required in exchange for the successful conclusion of the USMCA, the NAFTA replacement free-trade agreement. Furthermore, the number of labor inspectors operating in the country will have to increase by 2020. With just months to go before the Democrat primary elections, the US Congress seems as stuck as ever on the issue of ratifying the USMCA. Across the southern border, Mexico is keeping up its labor reform efforts, in so far as this has been one of the requirements for securing US Democrat agreement to ratify the new free trade deal.
Major labor reform budget. In reference to the fresh concessions his government was making to assuage US Democrat House members, Mexico’s Foreign Affairs Minister, Marcel Ebrard, recently stated, “Mexico has been the most responsive country in terms of satisfying pre-requisites for the ratification of a new agreement,” (Ed.
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