CCE notes the T-MEC review no longer hinders investment

Since there is no deadline for completing the review of the USMCA, the process itself is no longer a source of uncertainty for investors, said Jose Medina Mora, president of the Business Coordinating Council (CCE).

In an interview following his participation in the National Quality Award ceremony, the business leader explained that the treaty will last for 16 years, with reviews every six years. However, if no agreement is reached, the treaty will remain in effect for 10 years with annual reviews.

Earlier, during a forum hosted by the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE), Medina Mora noted that partner countries are working on supply chains and rules of origin.

He emphasized the importance of developing local suppliers in certain supply chains, a strategy that Mexico successfully implemented in the 1980s prior to NAFTA. He emphasized the need to return to this approach due to changes in global geopolitics, which now prioritize regional procurement. In this context, the concentration on the North American region is seen as a strength, without discounting the importance of diversification and the priority given to the agreement with the United States and Canada.