The Mexico-United States and Canada Agreement (TMEC) has been one of the most important trade agreements in North America, which has allowed the three nations involved to have a regional economic development .
Due to how this trilateral agreement is formed, different areas must be analyzed, so that the Mexican business class, under the representation of Carlos Salazar Lomelín, president of the Business Coordinating Council (CCE), asked to know in advance the points that the first review of the T-MEC will include.
Said review will be carried out the fifth year after starting the agreement, that is this will be in the year 2025 . According to Expansión, the CCE president said organized by the Mexican Ministry of Economy that in the review in four years “I would like us to have those factors that will be the elements of the review and it will not be a month before” .
The business representative added that “when we start to invent critical success factors it will be impossible to meet them in a short period of time. ”
It should be noted that the North American Free Trade Agreement was revised to more than 20 years after its entry into force, which generated uncertainty for doing so in a short time and at the request of then US President Donald Trump.
In the negotiation process there were more than 900 meetings with the work teams of the three countries, recalled in January of 2020 Moisés Kalach, who will coordinate the Council’s Mexico-United States bilateral strategy Business Coordinator.
“Our country had somehow neglected or abandoned the relations square in Washington,” said the businessman at that time. In order not to miss so much time and to adapt and update the trade agreement in the best possible way, the United States, Mexico and Canada agreed to carry out reviews every five years . The first will be done in the year 2025.
The president of the CCE “ we have only one year that represents 20% of the first revision that the treaty will take , this implies us to continue working in a relationship that has to be fluid, that has to establish critical success factors and that we have to, from now on, try to avoid problems that may arise in order to defend our rights and responsibilities. ”
The action that Mexicans are taking has In order to continue working on the issue continuously and promptly address the resulting needs, since the commercial relationship between the three countries is essential for the economic development of the North American region.
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