The just concluded US-Mexico trade agreement will have a 16-year life span and can be extended after every six-year review period, a US administration official said in a conference call on Monday.
WASHINGTON (Pakistan Point News / Sputnik - 27th August, 2018) The just concluded US-Mexico trade agreement will have a 16-year life span and can be extended after every six-year review period, a US administration official said in a conference call on Monday.
"With regard to the review and term-extension provision, the way it works is there's a period of a 16-year term on the deal, but every six years you have a review," the official said. "At each six-year review, the parties can decide to extend the term another sixteen years."
