The United States-Mexico-Canada Agreement (USMCA), which currently marks four years in effect and is set for review in two years, has helped the country maintain its position as one of the main trading partners of the United States, bringing benefits in exports and imports. Although the USMCA formally came into force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA) which began in 1994, it can be said that has been 30 years, as it maintains many similarities with its predecessor, preserving the benefits with certain additional elements of review and politicization.
The USMCA proposes a free flow of tradable goods between the countries, like the previous treaty, with the difference that now reviews are conducted every six years. The next review will be in 2026, with negotiations in 2025. This agreement has benefited the border, especially Ciudad Juarez, with direct access to the market for national products in the United States and Canada, enhancing the competitiveness of businesses in Ciudad Juarez.
In the 2026 review, topics such as artificial intelligence and digital commerce should be incorporated. It is crucial that Ciudad Juarez and Mexico in general take advantage of these conditions to promote an active industrial policy, attracting and creating national companies and supporting small and medium companies located in border areas.
Currently, the USMCA is in effect until 2036. In the review scheduled for July 2026, the countries will have the option to extend the duration of the agreement by six more years, extending it until 2042. The agreement has generated positive results in investment in many economic sectors, especially in border areas and throughout Mexico.
Source: https://shorturl.at/KkePc