Mexico Will Seek to Reduce Dependence on Asian Suppliers - Less than 20% of the value of the country's exports includes domestically sourced components
USMCA Review
Ebrard presented the document during the BloombergNEF Forum Monterrey, emphasizing that this policy will maximize opportunities within the framework of the USMCA.
Consultations regarding the United States-Mexico-Canada Agreement (USMCA) will begin in the second half of 2025, and the document highlighted the following:
The degree of difficulty in the review differs from that of 2018.
The political climate in the United States has changed, with a new consensus towards greater protectionism, especially under Donald Trump (Kamala Harris voted against the USMCA at the time).
Ongoing trade war between China and the United States.
There is already a roadmap in place to guide the review process.
The Ministry of Economy will work in coordination with the Ministry of Foreign Affairs to lead the negotiations.
Since 1993, less than 20% of the country's exports have included domestic value-added from the beginning of the production chain.
