We shouldn't be concerned about ratification in Mexico. Though I'm sure that lawmakers in #Canada and #Mexico would like to review the implementation legislation, explains @Antonio_OrtizM#ACMexico.
Indeed, the implementation legislation is important in Canada, too. "The devil is in the details," says @bakermckenzie's Peter McKay #ACMexico.
@bakermckenzie And even though things have changed in #Ottawa since the USMCA was initially announced last year, the Prime Minister of #Canada will likely still have the ability to secure the support of one if not more of the opposition parties, notes Peter McKay #ACMexico.
The overall feeling in #Canada is that Canada made concessions to make the replacement of #NAFTA possible. Though nonetheless, there's a sense of relief with the certainty offered by this week's #USMCA announcement, says Peter McKay #ACMexico.
While I and many others don't agree with the US President that #NAFTA was a "terrible deal," we're still happy to reach this milestone, says @bakermckenzie's Peter McKay #ACMexico.
@bakermckenzie While there are still a few labor unions that have yet to throw their support behind the #USMCA it's important, even historic, for organizations like AFL-CIO to throw their support behind this agreement, says @sabrod123#ACMexico.
But it's important to remember that for AFL-CIO to have "won," Mexico had to "lose," but the narratives vary on different sides of the border, observes @sabrod123#ACMexico.
Mexico has a left-of-center government that values labor protections, too. But Mexico still didn't want US inspectors in Mexico, but that will likely be resolved from the new labor inspection stipulations, notes @Antonio_OrtizM#ACMexico.
@Antonio_OrtizM In terms of supply chain, there are really "new rules of the game" in Mexico, says @Antonio_OrtizM. In the future it will be really important for businesses to be cautious and proactive #ACMexico.
In terms of Mexican companies doing business in the US, they are likely going to oppose the investor-state dispute settlement mechanism, says @Antonio_OrtizM#ACMexico.
@Antonio_OrtizM Will the #USMCA improve North American competitiveness? The most important outcome thus far is the lifting of uncertainty on the integrated North America market, and accelerating the return to normalcy, says @bakermckenzie's Peter McKay #ACMexico.
Equally important is the extent to which some of the differences between the #USMCA & #NAFTA (e.g. new rules for cross-border e-commerce) increases the likelihood that the new deal will serve as a template for future trade agreements, conclude @jmarczak & Peter McKay #ACMexico.
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"Our intention [with this new report] is to provide some ideas on how to sustain reactivation of Central America in a #COVID19 world," said Former Costa Rican President and @ACLatAm advisory council member @Laura_Ch. #ACCentralAmerica
Economic slowdown, informality, low coverage/quality of education, high poverty, high levels of violence, migration flows, dysfunctional states and disenchantment with democracy have created a "volatile combination of challenges." -Fmr Costa Rican Pres @Laura_Ch#ACCentralAmerica
“Venezuela's democratic leaders continue to work against political persecution to restore democracy in Venezuela.” @AtlanticCouncil President and CEO @FredKempe opens today's conversation with @jguaido, @JulioBorges, and policymakers from the US, Europe, and beyond. #LACatUNGA
“This is a critical moment for Venezuela. We are experiencing a serious emergency because of the pandemic, aggravated by persecution and crimes against humanity committed by the #Maduro regime,” said Venezuelan Interim President @jguaido. #LACatUNGA
"During these challenging times, the role of institutions like @the_IDB and of leaders like @MorenoBID committed to the hemisphere's prosperity are essential." - @ACLatAm founder @adriennearsht opens today's conversation with President Luis Alberto Moreno #ACFrontPage
"What you find in Latin America is the number of #COVID19 cases are still growing,” said @the_IDB President @MorenoBID. "Equally, we have found a combination of pre-existing economic and political conditions." #ACFrontPage
"When we look at this region, there is so much promise and so much potential. What we all share is a democratic neighborhood," said @Southcom Commander Admiral Craig Faller. "All that is under assault." #ACVenezuela
“We made a massive effort, which shows our full commitment to a consensual deal,” said Argentine Minister of @Economia_Ar@Martin_M_Guzman on recent debt negotiations. "Initially, there was a positive reception to the offer we made." @ACGlobalEcon@ARGinUSA#ACArgentina
“There were a number of aspects within the negotiations, including economic and legal aspects,” said @Martin_M_Guzman. "Economically, there has been a massive effort on Argentina's side. We don't want to promise something we can't fulfill." @ACGlobalEcon@ARGinUSA#ACArgentina
“What led us to this debt negotiation is the lack of a comprehensive macroeconomic program that will put in place reforms that will promote sustainable, permanent, and consistent growth,” said @martinredrado, former president of @BancoCentral_AR. #ACArgentina
In negotiating the debt restructure before establishing a macroeconomic program, the Argentine government "put the cart before the horse," leading to a debt sustainability analysis that shifted due to #COVID19. -@martinredrado, former president of @BancoCentral_AR#ACArgentina