Consejo Mexicano de Asuntos Internacionales

Última actualización:
2024-03-28 14:43

THE USMCA MOVES PAST THE TODDLER STAGE

Fecha Publicación: 03-10-2022

Two years into the North American Free Trade Agreement (USMCA), many challenges and opportunities for forging an Integrated North America remain.

The USMCA, known in Mexico as the Tratado entre México, Estados Unidos y Canada (T-Mec), created an updated legal framework within which the private sectors in Mexico, the United States and Canada, as well as the three national governments, can address and manage a wider range of trade issues than were covered by the prior North American Free Trade Agreement (NAFTA) to continue generating prosperity and seek solutions to differences more expeditiously.

The agreement needs to be implemented well and creatively to keep up with a rapidly changing economic and commercial environment, including global competition from China and others, rapid technological change, and the threat of further disruption to trade, as experienced because of the pandemic and more recently Russia’s invasion of Ukraine.

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