January 22, 2021

Gurría, happy for the US-Canada-Mexico pact that guarantees open markets

Gurría, happy for the US-Canada-Mexico pact that guarantees open markets



The Secretary General of the Organization for Economic Cooperation and Development (OECD), the Mexican Angel Gurría, today welcomed the trade pact between the United States, Canada and Mexico, as it implies open markets for trade and investment.

In a statement, Gurria recalled that the OECD supports "open markets for trade and investment as a crucial instrument for strong growth and jobs."

Therefore, the former Mexican minister considered that the announcement of this agreement will contribute to all this and "will strengthen the confidence in companies and investors to preserve a trade based on predictable and stable rules in North America".

In short, "will make the region more productive and more competitive internationally."

The secretary general emphasized the political leadership and the negotiating efforts of the three partners.

Canada and the United States announced on Sunday a new trade agreement with Mexico after months of bilateral negotiations.

That commitment will replace the North American Free Trade Agreement (NAFTA).

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