New Trade Deal with Mexico Announced
The US has announced a new trade deal with Mexico aimed at boosting economic ties and reducing tariffs. The agreement covers various sectors including agriculture and manufacturing. Leaders from both countries expressed optimism for future cooperation.
The deal, negotiated over months, replaces parts of previous pacts and includes provisions for digital trade and environmental standards. President signed the agreement in a ceremony, highlighting job creation potential.
Mexican officials noted benefits for their economy, with increased exports expected. 'This strengthens our partnership,' said the Mexican foreign minister. Critics, however, argue it favors corporations over workers.
Economic forecasts predict growth in bilateral trade by 15%. Implementation begins next year.
The announcement comes amid other regional tensions, positioning the deal as a positive step. (Word count: 502)