Goodbye Europe … hello Mexico? UK wants to join the USMCA

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Joining the USMCA is, at the moment, one of several options that the UK will seek. There is also the possibility that it will conclude several smaller agreements with the US.

England, get out of there … that’s not your family.

In a turn foreseen by few, the United Kingdom will try to join the Treaty between Mexico, the United States, and Canada (USMCA).

Faced with the fall of its hopes of negotiating a bilateral agreement with the Americans, the government of Prime Minister Boris Johnson will explore the possibility of joining the trilateral treaty, according to officials consulted by the Bloomberg agency.

Johnson met in person on Tuesday with US President Joe Biden. Bloomberg and other outlets reported that same day that Biden made it clear that a bilateral agreement with the United Kingdom is not a priority.

It should be remembered that Johnson is the executor of Brexit. After the political and economic divorce between the United Kingdom and the European Union, the prime minister bet on negotiating a trade agreement with the United States. Then-President Donald Trump gave air to that possibility, but nothing happened during his administration.

Joining the USMCA is, at the moment, one of several options that the UK will seek. There is also the possibility that it will conclude several smaller agreements with the US.

The Johnson government has already signed trade pacts with several countries, including Australia and Japan, as well as an agreement with the European bloc. It has also submitted its application to join the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (TIPAT).

Source: elfinanciero.com.mx

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