Mexico Says USMCA Trade Review Will Stretch Into Years of Annual Talks
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7 Articles
Mexico Says USMCA Trade Review Will Stretch Into Years of Annual Talks
Key Facts —The official admission: Mexican Economy Minister Marcelo Ebrard told the El Financiero forum on May 13 that the T-MEC trade pact review “will not have a quick close” and may instead lead to “non-concluding revisions over the next 10 years, where you have to keep discussing, I don’t know if every year or […] The post Mexico Says USMCA Trade Review Will Stretch Into Years of Annual Talks appeared first on The Rio Times.
The future of the TMEC, the trade agreement that covers more than $1.5 trillion a year in North America, is complicated. Less than 50 days after the start of the treaty review, the “ideal” scenario of a speedy and lasting ratification begins to blur. Mexican Economy Secretary Marcelo Ebrard pointed out that the process is more likely to extend beyond July 1. “I would be thinking that this (the review) will last a little longer and, probably, we …
Mexico City.- The Free Trade Agreement between Mexico, the United States and Canada would not have a final outcome this year and its revisions point to an annual scheme, said Marcelo Ebrard, Secretary of Economy. In his participation in a financing forum, the official outlined the above after listening to the US Trade Representative, Jamieson Greer, yesterday (Tuesday). "How long is it going to last (the review)...? You arrive, you hold meetings…
With the Mexico Plan and the review of the USMCA as 'protagonists', the secretaries Edgar Amador of Finance; Luz Elena González of Energy, and Marcelo Ebrard of Economy highlighted that the Government seeks to facilitate investments to boost the economy.
The staff member indicated that the review could result in inconclusive periodic evaluations over the next 10 years.
The Secretary of Economy, Marcelo Ebrard, anticipated that the review of the T-MEC will not have a quick closure and could continue longer than expected, following statements by his American counterpart, Jamieson Greer. "Think of a quick closure" of the agreement, Ebrard said, would imply reaching July 1, holding meetings and announcing that the treaty extends for 16 years, a scenario that he described as "ideal", but that he does not see likely…
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