New NAFTA Agreement: Pathway for Oil, Gas

摘要

A member of the energy intelligentsia in June, after the U.S.-Mexico dispute over immigration was calmed, noted President Donald Trump who was in Texas over that period delivered the message that he favors expanding infrastructure to bolster energy trade with Mexico. Thus, even though he appeared to jeopardize the new North American Free Trade Agreement (NAFTA), the energy pro theorized that hurting the U.S. oil and gas industry now is the last thing the president wants to do. Even with the tensions created over immigration at the U.S. southern border, Mexico's Senate quickly and overwhelmingly (vote of 114-4) became the first of the three nations to ratify the accord just as summer came to North America. Mexico's president expressed confidence that the deal would pass, despite the drama that ensued after President Trump's threat to impose punitive tariffs over migration issues. President Andres Manuel Lopez Obrador, considered a leftist, has long sought to get United States-Mexico-Canada Agreement (USMCA) quickly approved to remove uncertainty for Mexican investors and focus on domestic priorities. NAFTA has been squarely in the crosshairs of candidate and now Republican President Trump, making Sept. 30, 2018 when the United States, Canada and Mexico signed a new trilateral continental agreement all the more precedent-setting and historic.