DTB policy expert Mark Sloan discusses the status of updating the trade agreement – formerly known as NAFTA – between Canada, Mexico, and the United States with the Charleston World Affairs Council including what’s in the agreement, Congressional approval process, and what happens if Congress doesn’t approve the agreement.
Listen to the full podcast – just click the play button below.
There’s no minimum wage on Mexican labor built into the agreement, but for autos, specifically, there is. Forty percent of Mexican autos and trucks must come from factories that pay a minimum of $16.00 an hour under the terms of the agreement. That’s a big jump for them, because the average wage in Mexico – in the auto industry – is between $3.50 and $4.00 an hour. That’s an important commitment.
Mark Sloan, Partner, DTB AgriTrade
| Media Outlet | Charleston World Affairs Council Podcast |
| Podcast Title | US/Mexico/Canada Trade Agreements: Where Are We Now? |
| Publication Date | August 20, 2019 |
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