U.S.-Mexico trade agreement

The United States and Mexico have reached a preliminary agreement in principle, subject to finalization and implementation, that supports North American manufacturing and mutually beneficial trade. The new agreement will create more balanced, reciprocal trade that supports high-paying jobs for Americans and grows the United States and Mexican economies. The new rules for textile products are an improvement, will contribute to the regional textile industry and parallel the rules of U.S. trade agreements negotiated after the original NAFTA. In that regard, the rules represent a needed updating of the agreement. For now, the original NAFTA rules are in effect. Implementing the new rules many take considerable time.