The trade agreement mandates comprehensive evaluations every six years, specific each semester on labor and environmental matters, and continuous through a dozen committees on various subjects.
Mexico began the process for the six-year review of the Treaty between Mexico, the United States and Canada (T-MEC), by holding this Friday the first meeting for this purpose between officials of the Ministry of Economy, led by its head, Raquel Buenrostro, and representatives from the private sector.
The T-MEC orders comprehensive evaluations every six years, specific evaluations each semester on labor and environmental matters, and continuous evaluations through a dozen committees on various subjects.
“The review of the T-MEC in 2026 will be crucial for our economy. That is why from now on we are preparing for this process to be successful,” said the Ministry of Economy in a statement released at the end of that meeting, which was held at the headquarters of the Ministry of Economy.
Buenrostro presented there to the Business Coordinating Council (CCE) and the “Cuarto de Junto” his work plan for the review of the T-MEC.
“In the midst of nearshoring , we are going for quality jobs and high value chains for Mexico and North America,” added the Ministry of Economy in the statement.
As part of the roadmap, Buenrostro reported that the negotiation will begin in 2025, while the negotiating team will be awaiting what the requests of the United States and Canada will be, while following its own roadmap in which it will be the first review of the T-MEC.
Specifically, Article 34.7 of the T-MEC establishes an evaluation of the operation of this trade agreement, with actions to propose in the review and the position of each country on whether to recommend extending the term of the T-MEC.
The parties committed to a review of the agreement on the sixth anniversary of its entry into force. If all parties agree to continue it, it will remain in force for another 16 years. If a party does not confirm its desire to extend the term of the agreement for another period of 16 years, the parties will carry out a joint review of the agreement each year.
The USMCA only specifies that one “party” will review the agreement; It does not establish whether the President or Congress would review the agreement.
