Ildefonso Guajardo, federal deputy and former Minister of Economy in the government of Enrique Peña Nieto, explained that the revision of the Mexico-United States-Canada Treaty (T-MEC), scheduled for 2026, will mainly focus on China’s Presence in North America.
“I believe that the 2026 review will focus primarily on China’s presence in investment processes in North America and, in particular, in Mexico,” he said in Aristegui live.
In addition, he clarified that he would seek to remove the review. commitments to Mexico on how Chinese investments will be treated, since this country is the second trading partner.
“I think the big question in 2026, whether it’s Biden or Trump, obviously more difficult if Trump is there, there will be a desire to get commitments from Mexico on how they’re going to treat Chinese investment in Mexico, and that will be very important. There’s a lot of clarity there,” he added.
He specified that it is necessary to do so that China’s presence in Mexico complies with all the rules national laws and agreement requirements if you are interested in participating in the North American market.
The current federal deputy explained that during the T-MEC inspection, the three countries will arrive with two files: In the first case there is consensus, while in the second there will be disagreements that need to be discussed.
“When you get to that review in 2026, you will have a portfolio with two files, a file that should already work with industrial sectors that complement each other, call it petrochemicals, automotive, textiles, where you put on the table elements that, through consensus, they can be adapted in favor of this integration and where you have positive applause economic entities of the three countries,” he began.
He explained that another file would contain topics that did not generate consensus, and If no agreement is reached during the consideration, A 10-year period begins during which they must find a solution, and if that does not happen, each country must decide on the issue.
“There, of course, the United States could come to the Trump administration with a file that says, ‘Well, I lost the car panel, but I want to change the letter of the treaty so that it is interpreted the way I want the auto parts manufacturing requirements to be interpreted,’ and in that, well, Canada and Mexico will not agree“he added.
“What does the mechanism imply? You imagine there is no consensus and the period of time in which you have to come to a decision is extended by 10 years, and after these 10 years, if you have not come to a decision, well each country must come to a decision on this issue“he added.
Watch the full interview:
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
