A free trade agreement involving Canada, Mexico, and the United States is known as the Agreement between the United States of America, the United Mexican States, and Canada.
Business
Mexico's potential for nearshoring is significant, but it hinges on energy autonomy. The country must balance renewable and non-renewable energy sources to meet growing demand and attract foreign investment.
T-MEC
Mexico slams the USA's new beef labeling rule, calling it discriminatory. A potential trade war looms over North American supply chains.
T-MEC
Mexico accepts the US review request on alleged labor rights denial at Autoliv Steering Wheels. Committed to enforcing T-MEC provisions, a 35-day internal review by the Ministry of Labor will follow. Crucial moment for international labor relations.
Business
An aviation drama unfolds as the Aviators' Union challenges Viva Aerobus for hiring foreign pilots, citing legal violations. Legal fireworks loom, including T-MEC mechanisms. MAS Air pilots join the union frenzy, choosing ASPA in a high-flying showdown.
Business
Asian companies are flocking to Mexico, with 63% of nearshoring projects from China, South Korea, and Taiwan. Attractions include supply chain optimization, T-MEC benefits, and lower labor costs. This transformative trend is projected to bring 227 new companies annually from 2023 to 2025.
Business
Despite initial skepticism, Mexico's energy policy within the T-MEC framework has strengthened, with a focus on energy security and a transition to clean energy. Sovereignty remains a priority amid challenges and foreign influence, paving the way for a resilient and sustainable future.
Business
Mexico's trade landscape evolves with T-MEC and China's rise. Nearshoring boosts Mexico's appeal, but sustainable growth requires a strong national industry and balanced market strategies. Trade dynamics shift, and labor reforms are vital for the automotive sector's progress.
T-MEC
In the heart of Cancun, the T-MEC consultation period begins—a showdown between the US and Mexico over genetically modified corn imports. Katherine Tai, the US Trade Rep, warns of escalating to a dispute panel if progress fails. Let the corn battle commence!
T-MEC
It is not unusual for the United States to issue threats that they would take retaliatory action. The renegotiation of NAFTA presented an opportunity to exit this kind of arrangement, and it was taken advantage of.
T-MEC
Canada has demanded that its enterprises be given equal treatment and has voiced its displeasure with the inaction of regulatory bodies over the release of licenses for the electrical industry.
T-MEC
The weakening of the T-MEC would have significant economic repercussions for Mexico and might severely reduce its development potential over the next decades.
T-MEC
Between 2019 and 2021, with the implementation of the T-MEC and the COVID-19 pandemic in between, Washington regained ground in manufacturing at the expense of its two regional trading partners.
T-MEC
Tesla criticizes that Mexico and Canada enjoy better tariff treatment with products that have components from outside the region than electric cars assembled in the US.
Business
The Executive ruled out that the country will join the trade bloc of China, India, Russia, Brazil, and South Africa. More on T-MEC tensions between Mexico and U.S. here.