Mexico pushes for 16-year extension of USMCA trade pact

Investing.com -- Mexico confirmed its position on extending the U.S.-Mexico-Canada Agreement for 16 years, Economy Minister Marcelo Ebrard said on Tuesday.

"Mexico's intention and position is that the treaty should be extended," Ebrard said. "Keep in mind that the treaty will remain in effect for many more years, but we would like it to be extended to 16 years."

The country has been in bilateral discussions with the U.S. to extend the regional free trade agreement. Talks with Canada have not progressed at the same pace, according to Ebrard.

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