The Structural Omission of Services in the T-Mec: a Strategic Vacuum for Mexico

El Financiero

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One of the least discussed — but most relevant — features of the North American Free Trade Agreement (NAFTA) and its updating in the Treaty between Mexico, the United States and Canada (T-MEC) is the asymmetry between the liberalization of trade in goods and the weak integration of trade in services.This imbalance has had profound structural consequences for the Mexican economy.Deep integration in manufacturing, lag in services. NAFTA achieved r…