Marcelo Ebrard denied that Mexico and Canada are developing an exclusive trade treaty without the United States, emphasizing the importance of the T-MEC agreement.
Marcelo Ebrard, Mexico's Secretary of Economy, recently addressed the claims suggesting that Mexico and Canada are considering a separate trade agreement apart from the United States, amidst reports of Donald Trump contemplating a withdrawal from the T-MEC (United States-Mexico-Canada Agreement). Ebrard emphasized that the Mexican government is committed to maintaining the trilateral agreement while also seeking to strengthen ties with Canada, indicating a diverse strategy that complements existing trade agreements rather than replacing them.
Ebrard highlighted that agreements with regions like the European Union aim to enhance Mexico's export capacity and attract more European investment, thus showcasing Mexico's broader approach to international trade. He reassured that the focus is not on exclusionary tactics but rather on expanding Mexico's trade options and increasing its economic engagement with multiple partners without jeopardizing the existing T-MEC framework.
Importantly, Ebrard pointed out that Mexico and Canada are vital partners for the United States, specifically regarding trade, as they collectively stand as significant destinations for American goods, surpassing other nations like China, Japan, and Germany. This assertion underscored the integral role the T-MEC plays in North American trade dynamics and highlights the interconnectedness of the three countries' economies, alluding to the potential consequences of any unilateral actions regarding the agreement.
