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Mexico sees progress in talks to revise USMCA, says drug protections to ease


WASHINGTON (Reuters) - Mexico’s government said on Wednesday that progress was being made toward revising a new North American trade pact, and that protections for biologic drugs will be sharply reduced under it, in what would be a setback for U.S. pharmaceutical companies.

Mexico approved the United States-Mexico-Canada Agreement (USMCA) earlier this year, but U.S. ratification has been held up by Democratic lawmakers pressing the Trump administration to make changes to the deal, including on drug protections.

Following nearly four hours of talks with U.S. Trade Representative Robert Lighthizer in Washington, Mexico’s top negotiator for the ...


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