- Posted by México
- On Wednesday July 22nd, 2020
- 0 Comments
The treaty between Mexico, the United States and Canada marked a new beginning after 26 years ending the era of the USMCA. This agreement will give rise to new chapters on labor, environmental and energy matters. Coming into force on July 1, 2020, after marathon transactions for a year between the three countries involved.
In the recent visit by Mexican President López Obrador to the White House, he declared that the North American economy will benefit and strengthen thanks to the signing of this treaty.
What is expected of the new USMCA?
A commercial revival between countries and the modernization of their trade relations, with the aim of win-win for all.
Mexico and Canada manage to reach a better balance in this agreement, therefore the automotive and agricultural industries will be the most benefited.
The development opportunity is in the sense of taking advantage of the rules of origin to generate more companies and more jobs in the medium term, an arduous task if we take into account the economic context in times of pandemic. Putting on the table the numbers of COVID-19 in Mexico with data given by the Ministry of Health giving a total of 5,172 infected with a daily variation of increase so far.
Mexico will have the task of offering clear conditions for national and foreign businessmen to overcome the results of an incipient economic crisis. This well-achieved strategy will be of great benefit to investors with growth of almost one trillion dollars in a span of five years.
Mexico continues being an attractive country and with plenty of reasons to invest in its industry and market due to its great investment potential, furthermore, is a place with the necessary conditions for living and achieving an optimal lifestyle for your family.