Private Sector: USMCA Decision Expected; Confident in Strengthened Agreement

Mexico's private sector has indicated that the U.S. decision to maintain the United States-Mexico-Canada Agreement (USMCA) until 2036, rather than extending it further, was anticipated. The Coordinating Business Council (CCE) stated that the outcome of the trade ministers' meeting was "expected by the private sector and financial markets."

The CCE emphasized that the review process for the USMCA is proceeding according to the terms outlined in the agreement. Since its entry into force on July 1, 2020, the USMCA has been credited with strengthening North America's economic integration and competitiveness, particularly in strategic sectors like agriculture, machinery, automotive parts, and electrical equipment.

Data from the U.S. Bureau of Economic Analysis shows that Mexico remains a key supplier to the United States, accounting for 16.9% of U.S. merchandise imports in January-April 2026. U.S. merchandise exports to Mexico represented 15.7% of the total during the same period.

José Medina Mora, president of the CCE, expressed confidence that the Mexican private sector, in coordination with its Canadian and U.S. counterparts, has closely supported negotiators. He believes that a strengthened USMCA with new opportunities for investment and supply chains will emerge in a reasonable timeframe. A delegation from the Mexican business sector will accompany government representatives during the Third Round Bilateral Review of the USMCA in Mexico City.