US Vice President Mike Pence said in a statement on Tuesday that the new US-Mexico trade agreement would ensure duty-free trade on agricultural products between the two countries.
WASHINGTON (Pakistan Point News / Sputnik - 27th August, 2018) US Vice President Mike Pence said in a statement on Tuesday that the new US-Mexico trade agreement would ensure duty-free trade on agricultural products between the two countries.
"Our nations have agreed to new rules that will maintain duty free access for agricultural goods on both sides of the border," Pence said.
The agreement would also get rid of non-tariff barriers and encourage more agricultural trade between the United States and Mexico, pence added.
Earlier on Monday, US President Donald Trump announced the new trade agreement with Mexico. The agreement will still need to be ratified by Congress before taking effect.
The goal of this agreement is to replace the current North American Free Trade Agreement (NAFTA).
