Mexico backs extending USMCA for 16 more years

Mexico's government has formally declared its support for extending the North American Free Trade Agreement (T-MEC) by an additional 16 years. This position, outlined in a letter dated June 1 from Mexico's Secretary of Economy, Marcelo Ebrard, to U.S. Trade Representative Jamieson Greer and Canadian Minister of Trade Dominic LeBlanc, aims to preserve the treaty's role in fostering economic stability, legal certainty, and attracting foreign direct investment.

The T-MEC, which entered into force in 2020, is scheduled for its first joint review on July 1, 2026. Mexico's proposal comes as part of the preparatory discussions for this review. The letter emphasizes that Mexico seeks agreements that mutually benefit all three nations. Public consultations held in late 2025 indicated a positive perception of the treaty, with respondents highlighting its importance as a cornerstone of North American economic integration and advocating for the preservation of free trade.

Ebrard reiterated Mexico's intention during a meeting with Spanish business leaders, underscoring the country's desire to extend the agreement despite its remaining validity. Mexico's position mirrors that of Canada, which has also formally expressed support for an extension. Both nations are navigating the upcoming review amid uncertainties surrounding trade pacts and ongoing tariff tensions within North America. Mexico is also pushing for proposals to enhance regional economic integration, reduce dependence on Asian supply chains in strategic sectors, and resolve outstanding issues related to steel and aluminum tariffs.