RIO GRANDE CITY, RGV – Congressman Henry Cuellar wants to ensure that the North American Development Bank is part of the implementing language of the new United States-Mexico-Canada (USMAC) trade agreement.
NadBank is a binational financial institution established by the Governments of the United States and Mexico to provide financing to support the development and implementation of infrastructure projects, as well as to provide technical and other assistance for projects and actions that preserve, protect or enhance the environment in order to advance the well-being of the people of the United States and Mexico.
USMCA is the successor trade deal to the North American Free Trade Agreement. It has been ratified by the Mexican congress but not those in the United States or Canada.
Cuellar gave an exclusive interview to the Rio Grande Guardian about USMCA while attending a groundbreaking ceremony for the $40 million Rio Grande Village retail development project in Rio Grande City, Starr County.
Asked where things are at for USMCA in Congress, Cuellar said:
“We are about this close to getting this done in the House of Representatives. Right now if it were put to a vote, we have the votes right now, the Democrats and the Republicans. But we are working on a couple more things dealing with labor and the environment.
“One of the things that is important to me is I want to make sure that part of the implementing language is NADBANK because the NADBANK does a lot of work in Starr County and certainly up and down the river. We are very close.
“Again, I always hate to give a date because a lot of things are moving. But we are hoping by November or by December of this year, we are going to get it done because trade is very important to the country but to Starr County also.”
Editor’s Note: The main image accompanying the above news story shows U.S. Rep. Henry Cuellar and Rio Grande City Mayor Joel Villarreal at a groundbreaking ceremony for the new $40 million Rio Grande Village retail development project in Rio Grande City, Texas. (Photo: RGG/Steve Taylor)