Canada, Mexico, and the United States are signing on the dotted line for a new NAFTA agreement.
The agreement on the updated deal was reached between the three countries on Tuesday.
It comes after U.S. Democrats made adjustments to the deal, paving the way for the new United States-Canada-Mexico Agreement to finally be ratified.
Deputy Prime Minister Chrystia Freeland says the new deal was completed in difficult circumstances.
“We have accomplished this together at a moment when around the world it is increasingly difficult to get trade deals done.”
Freeland highlights what she feels the benefits of the new deal are.
“Strengthen state-to-state dispute settlement, labour protection, environmental protection, intellectual property, the automotive roles of origin, and (it) will help keep the most advanced medicines affordable for Canadians,” she said.
Freeland spoke about the agreement in Mexico on Tuesday during a special signing ceremony.
U.S. Speaker of the House Nancy Pelosi feels it’s a better deal than the previous version of the North American Free Trade Agreement.
“There is no question of course that this trade agreement is much better than NAFTA, but in terms of our work here, it is infinitely better than what was initially proposed by the administration,” she said.
