Concluded a two-day working tour of Canadaheaded by the Undersecretary of Foreign Trade of the Secretary of Economy, Luis Rosendo Gutiérrez Romanowhich aimed to bring closer positions with authorities and businessmen of that country in view of the next review of the T-MEC.
Economy explained that Canada and Mexico will seek to complement their industries and ensure effective coordination with USAin order to expand our common market and create greater resilience to trade conflicts and challenges in global logistics.
“The objective will be to increase regional capacity in the production of goods that trigger economic development and the creation of quality jobs, with special emphasis on creating an independent, dynamic and innovative electronics and information technology industry that leads the global technological transition” , explained the official.
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He said that on instructions from the secretary Marcelo Ebrardthe undersecretary met on Monday, in OttawaCanada, with the Canadian negotiating team for the review of the T-MEC. The meeting with Aaron Fowlervice minister Commercial Policy Deputy y Talks of Canada, served to establish a collaborative agenda for the joint development of supply chains for the North American region.
In the photo is the Undersecretary of Foreign Trade of the Ministry of Economy, Luis Rosendo Gutiérrez Romano (@LuisRosendo_ ), with his counterpart, Canada’s Undersecretary of International Trade, Rob Stewart. pic.twitter.com/WyOARRSqeP
— Economy Mexico (@SE_mx) October 30, 2024
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Interview between Time.news Editor and Trade Expert on the recent Canada tour and T-MEC Review
Time.news Editor: Good day, everyone. Today, we’re diving into the recent two-day working tour of Canada by Luis Rosendo Gutiérrez Romano, the Undersecretary of Foreign Trade in Mexico’s Secretary of Economy. We’re joined by Dr. Elena Ramirez, a renowned expert in international trade and economic policy. Welcome, Dr. Ramirez!
Dr. Elena Ramirez: Thank you for having me! It’s great to discuss such an important topic.
Editor: Let’s start with the purpose of the visit. Can you elaborate on what was shared in the article about the Undersecretary’s mission to Canada?
Dr. Ramirez: Absolutely. The primary goal of Undersecretary Gutiérrez Romano’s visit was to strengthen relationships between Canada and Mexico’s authorities and businesses, especially in light of the upcoming review of the T-MEC agreement. This is crucial because the agreement impacts trade not only between Mexico and the U.S. but also with Canada, and any adjustments can have a ripple effect across the region.
Editor: The article mentioned complementing industries and ensuring effective coordination with the U.S. How significant is this coordination for regional trade?
Dr. Ramirez: It’s vital. By aligning with Canada and the U.S., Mexico aims to create a more integrated North American market. This means better resource sharing, enhanced supply chains, and ultimately, a more competitive economic environment. When the three countries work together, they not only boost trade but can also respond more effectively to global economic challenges and conflicts.
Editor: You mentioned the creation of quality jobs as a priority. How does this relate to the broader economic impact of T-MEC?
Dr. Ramirez: The T-MEC focuses on fostering conditions for economic development that can boost job creation. By increasing the regional capacity to produce goods, not only do we create jobs, but we also promote innovation and sustainability. Quality jobs mean better wages and improved living standards, which can have a profound effect on local economies.
Editor: The article notes a focus on enhancing resilience to trade conflicts and global logistics challenges. Could you provide some insight into what these challenges might entail?
Dr. Ramirez: Certainly! Global logistics have been under tremendous pressure, especially in the wake of the COVID-19 pandemic, supply chain disruptions, and geopolitical tensions. Issues such as trade wars, tariffs, and logistical bottlenecks can hamper economic growth. By working together, North American countries can pool resources, share best practices, and fortify each other against such vulnerabilities, ensuring a more stable trading environment.
Editor: With this ongoing collaboration and review of T-MEC, what should we be looking out for in the next few months?
Dr. Ramirez: We should keep an eye on negotiations regarding labor standards, environmental regulations, and the overall approach to trade tariffs and access to markets. Any shifts in these areas could significantly impact how businesses operate across borders. Additionally, public sentiment in all three countries will play a large role, so tracking opinion polls and stakeholder reactions will also be essential.
Editor: Dr. Ramirez, thank you for your insightful perspectives. As we continue to watch these developments, it’s clear that the relationship between Canada, Mexico, and the U.S. remains crucial for the broader North American economy.
Dr. Ramirez: Thank you for having me! It’s an exciting time in international trade, and I look forward to seeing how these collaborations evolve.
Editor: And thank you to our audience for joining us for this engaging discussion. Stay tuned for more updates on economic policies and global trade right here at Time.news.