Pakistan, July 2 -- The US has declined to renew the United States-Mexico-Canada Agreement (USMCA) in its current form, citing ongoing trade deficits with Mexico and Canada, while confirming that the trade pact will remain in force as negotiations continue.

US Trade Representative Jamieson Greer announced the decision following a virtual meeting involving officials from the three North American countries to review the agreement's implementation.

In a statement, Greer said Washington did not agree to renew the USMCA under its existing terms and would continue discussions with Mexico and Canada to address what it considers shortcomings in the agreement.

"The United States did not agree to renew the USMCA in its current form," Greer said,...