Mar 19 • 07:26 UTC 🇲🇽 Mexico El Financiero (ES)

Mexico and the US outline route for reviewing the T-MEC

Mexico and the United States have initiated bilateral technical discussions aimed at revising the T-MEC agreement, focusing on regional supply chains and increasing North American content in manufacturing.

Mexico and the United States have formally begun bilateral technical discussions to review the T-MEC (United States-Mexico-Canada Agreement). The discussions will emphasize strengthening regional supply chains and increasing the North American content in manufacturing. In a joint statement, Mexico's Secretary of Economy, Marcelo Ebrard, and US Trade Representative Jamieson Greer outlined the steps their technical teams would take to enhance manufacturing production and employment in both countries while limiting the use of inputs from unfair trade practices in the region.

The two countries have agreed to hold technical meetings to tackle various issues, including rules of origin, economic security, and complementary trade actions. These meetings are intended to identify concrete deliverables for the revision process of the agreement. By focusing on these key areas, both nations aim to increase collaboration within the trade framework while addressing concerns related to negative trade practices that affect manufacturing.

This development in revising the T-MEC is significant as it reflects the ongoing efforts of Mexico and the US to adapt to changing economic conditions and to ensure that their trade relationship remains mutually beneficial. Strengthening local supply chains and increasing regional manufacturing content is crucial for enhancing economic resilience, especially in the context of global supply chain disruptions caused by events such as the COVID-19 pandemic and geopolitical tensions.

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