Mar 18 • 19:42 UTC 🇲🇽 Mexico El Financiero (ES)

Towards the review of the T-MEC: In-person negotiations between Mexico and the US begin

The US and Mexico have initiated in-person negotiations for the review of the T-MEC trade agreement in Washington amidst uncertainties due to a tariff war.

On March 18, 2023, negotiations commenced between the United States and Mexico in Washington for the review of the T-MEC trade agreement, which also involves Canada. The discussions arrive in the context of ongoing uncertainties related to the tariff wars initiated by President Donald Trump. Marcelo Ebrard, Mexico's Secretary of Economy, emphasized the importance of these negotiations in addressing the complexities arising from the trade dynamics between the nations.

Ebrard met separately with Jamieson Greer, the head of the United States Trade Representative (USTR), and Howard Lutnick, Secretary of Commerce under Trump’s administration. In a statement on social media platform X, Ebrard highlighted that technical teams were set to work diligently in the following days to refine the details of the proposed revisions to the agreement. The initiation of these in-person discussions signals a proactive approach by both governments to tackle the challenges posed by previous trade tariffs and policies.

The outcome of these negotiations could have significant implications for the economic relationships between the three North American countries involved in the T-MEC. The trade agreement is critical for fostering economic cooperation, regulating trade flows, and ensuring the competitive standing of these nations on a global scale. Stakeholders from various sectors will be closely monitoring these discussions to gauge how they may influence future trade policies and economic conditions in the region.

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