Mexico confirms that the new NAFTA will be called T-MEC in Spanish
The Mexican government confirmed today that the trade agreement between Mexico, the United States and Canada that replaces the North American Free Trade Agreement (NAFTA) will be called T-MEC in Spanish, as suggested by the president-elect of this country, Andrés Manuel López Obrador.
In a statement, the Ministry of Economy reported that the current president of Mexico, Enrique Peña Nieto, endorsed the suggestion made by whoever succeeds him in his post from next December 1.
"It has been agreed to adopt the Treaty title between Mexico, the United States and Canada (T-MEC), as the name and acronym with which colloquially reference in Spanish will be made to the new trade agreement between the three countries," the Secretariat announced.
López Obrador proposed calling the new treaty T-MEC after this option came out victorious in a survey that the leftist leader made through social networks.
The next Mexican president stressed that the new text, known as USMCA by its acronym in English, should have a name "in our language" and be referred to as "treaty" instead of "agreement."
After a year of renegotiating NAFTA, Mexico and the United States arrived at the end of August to a new bilateral trade agreement that left the door open to the entry of Canada.
Finally, Canada announced its incorporation on September 30, so that the pact will remain trilateral, respecting the nature of NAFTA, in force since 1994.