Tariffs, trade asymmetries, and rules of origin: Mexico's concerns ahead of the USMCA review
The process for revising the North American trade agreement, the TMEC, continues to move forward. On Monday, the Ministry of Economy announced the results of public consultations with the main productive sectors, an exercise that took into account 2,900 Mexican businesspeople and industrialists. The business community shared its concerns about the tariffs imposed by the US, the criteria for determining rules of origin, the excessive application and asymmetry of the rapid response labor mechanism, as well as alleged unfair trade practices in some agricultural products. Economy Secretary Marcelo Ebrard said there is broad consensus that the treaty is key to the country's economic activity, ahead of the trilateral evaluation of the agreement next July. “We are very close to the private sector and academia, we know who we have to ask to make this work for Mexico's interests,” he said. More than 834 billion in trade is at stake in North America. The federal official outlined the arguments ...
