Sheinbaum confident of reaching agreements with U.S. in T-MEC review; expects progress in upcoming talks

President Claudia Sheinbaum expressed confidence that upcoming trade negotiations with the United States will result in agreements that enhance the economic relationship between the two nations. A delegation from the U.S. Trade Representative's office is scheduled to visit Mexico on July 20 to continue dialogue regarding the review of the Mexico-United States-Canada Agreement (T-MEC).

Sheinbaum stated that these conversations aim to achieve greater stability in the bilateral economic relationship. The annual review process, initiated after the U.S. president decided not to extend the T-MEC for 16 years, allows for potential renewal if consensus is reached among the three countries. Mexico's primary objective is to establish clear rules during this year's review to prevent continuous renegotiations and the imposition of new tariffs.

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The objective for us is that this year's review is the most important and that, in any case, afterwards it is simply a matter of whether we both countries comply with what we agreed upon, rather than a new review, not new tariffs, but that this year is established.

"The objective for us is that this year's review is the most important and that, in any case, afterwards it is simply a matter of whether we both countries comply with what we agreed upon, rather than a new review, not new tariffs, but that this year is established," Sheinbaum said. She emphasized that finalizing understandings sooner rather than later will contribute to more stable trade relations. The President indicated that progress has been made on several fronts, and she anticipates that the July discussions will lead to definitive agreements on certain issues.

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We are very advanced in several topics and we hope that these July conversations will be definitive on certain topics, that some agreements can be announced.