North American Trade Agreement: An Excellent Opportunity For Mexico

Summary

Mexico, Canada and US have reached an agreement to renew the North American Free Trade Agreement (NAFTA) entered into 25 years ago and which president Donald Trump promised to renegotiate during his electoral campaign. It's important to remember that an understanding had already been reached in December of last year.

Key points

• Key points:
• The new trade agreement will be positive for the three signatory countries as it will enable complex value chains to continue developing, thus increasing the competitiveness of the North American region.
• Moreover, it may allow Mexico to regain competitiveness and its market share in the US economy, to the detriment of China.

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