In the midst of trade frictions with United States and Canada with Mexico for the merchandise of origin Chinothe president of Mexico, Claudia Sheinbaumclosed ranks with our country’s main trading partners, by ensuring that the T – MEC It is the only treaty that can confront china’s commercial and economic competition.
“I am convinced that the Mexico-United States-Canada treaty is important for the next president of the United States; “This trade agreement is the only way to successfully deal with economic and commercial competition with China,” said.
You may be interested: Morena’s CEN met with 5.1% of its membership in 60 days
From Nuevo Laredo, tamaulipas, the president highlighted that the Mexico-United States relationship is so strong in the border states that if they were taken as a unit, it would represent the fourth largest economy in the world.
“Every day, 70 thousand tractor-trailers with merchandise, one million people and 240 thousand passenger vehicles cross legally between both countries, the border of more than 3 thousand kilometers, (it is the) moast dynamic anywhere in the world.he highlighted.
For this reason, President Sheinbaum pointed out that North america must consolidate itself as an economic region that advances further in independence from imports from other regions.
Meanwhile, the president of Mexico, Claudia Sheinbaum, maintained that there will always be cooperation to prevent the death of people in the United States due to drugs, just as our neighbors cooperate to stop arms trafficking.
“We will always contribute to preventing the death of people who use drugs there in the United States, notably fentanyl.Moreover, we must cooperate so that weapons from the United States stop entering Mexico, as drugs are consumed there, and violence is left here.”he noted.
Related
How does the T-MEC address environmental and labour standards among member countries?
Interview with Trade Expert: Understanding the Mexico-United States-Canada Treaty (T-MEC) in Today’s Economic landscape
Editor, Time.news: Today, we are joined by dr. Luis Rodriguez, an esteemed trade expert, to discuss the implications of the Mexico-United States-Canada Treaty, especially considering President Claudia Sheinbaum’s recent statements regarding its importance as a counter to Chinese economic competition. Thank you for being here, Dr. Rodriguez.
Q1: Dr. rodriguez, President Sheinbaum emphasized the importance of the T-MEC in managing competition with China.can you elaborate on how T-MEC strengthens North American alliances?
Dr. Rodriguez: Absolutely. The T-MEC represents a critical framework for economic collaboration between Mexico, the U.S., and Canada. By enhancing trade relations, it enables these nations to establish a collective front against external economic pressures, particularly from China, which has been increasing its dominance in global supply chains. The president’s assertion recognizes that a unified North America can leverage its ample market size and resources to promote mutual growth and stability.
Q2: You mentioned economic growth; could you highlight how the daily cross-border activities contribute to this?
Dr. rodriguez: Certainly! As President Sheinbaum pointed out, approximately 70,000 tractor-trailers and one million people cross the U.S.-Mexico border daily. This influx not only portrays a thriving bilateral trade relationship but also positions the North American region as one of the most dynamic economic areas globally. When we consider that this cross-border activity represents the fourth-largest economy in the world, it becomes clear that consolidating our economic ties is crucial for sustaining that momentum.
Q3: What are the broader implications of Sheinbaum’s call for economic independence from other regions?
Dr. Rodriguez: Sheinbaum’s remarks underline an important shift towards self-reliance in essential goods and services. This vision could lead to a reduction in dependency on imports from areas like Asia, thereby strengthening local industries and fostering job creation in North America. It accentuates the need for investment in local manufacturing and innovation, ultimately enhancing regional security and economic resilience.
Q4: Beyond trade benefits, President Sheinbaum also mentioned cooperation on drug and arms trafficking. How does this factor into the T-MEC framework?
Dr. Rodriguez: that’s a vital point. The T-MEC is not solely about trade; it encompasses social responsibilities as well. The cooperative measures regarding drug trafficking, particularly concerning fentanyl, highlight shared concerns that can threaten both nations. By establishing protocols within the treaty, both countries can leverage this partnership to combat the narcotics crisis while simultaneously addressing the arms trafficking problem that has plagued Mexico.This strategy strengthens their diplomatic relationship and creates a safer habitat for their citizens, thereby enhancing overall economic stability.
Q5: For businesses operating in the North American market, what practical advice would you offer in light of these developments?
Dr. Rodriguez: businesses should closely monitor the evolving dynamics of the T-MEC and take advantage of the tariff benefits and legal protections it provides. It’s essential for companies to assess their supply chains and consider diversifying partnerships within North America to mitigate risks associated with external competition, particularly from China. Moreover, investment in innovative technologies and compliance with environmental and labor standards outlined in the treaty will be crucial for sustainability and competitiveness in the future.
Editor, Time.news: Thank you for your insights, Dr. Rodriguez. This discussion sheds light on the T-MEC’s vital role in shaping the future of North american trade and its broader implications for economic cooperation and security.