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Mexico Says USMCA Review Is Underway and On Schedule to Close by July 1

Mexico will submit its consultation findings this month, with formal talks slated to finish in June.

Overview

  • Economy Secretary Marcelo Ebrard said the three countries will deliver reports from their domestic consultations before the end of January.
  • Mexico plans to send its conclusions to President Claudia Sheinbaum and then to the Senate in the coming days.
  • Mexico’s negotiating agenda prioritizes preserving the pact, strengthening dispute settlement, ensuring reciprocity including in the labor mechanism, and enforcing side letters.
  • On autos, Mexico asked the United States to reduce the 27.5% tariff on vehicles that miss North American content rules to 15% or align it with rates applied to other regions.
  • Ebrard reported that Mexico has addressed most U.S. issues after more than 100 days of work, and said about 85% of Mexican exports to the U.S. now use USMCA rules.