In a significant step toward strengthening regional economic ties, officials from Mexico and the United States have successfully concluded the first bilateral round of negotiations for the review of the United States-Mexico-Canada Agreement (USMCA). The meetings, held this past Friday in Mexico City, mark the beginning of a critical evaluative process for one of the world's most influential trade pacts.
According to Mexico's Economy Ministry, the discussions focused on high-priority regional economic issues. Key topics on the agenda included automotive rules of origin, the trade of steel and aluminum, and broader regional economic security. These elements are vital for business professionals and investors who rely on the stability of North American supply chains.
The diplomatic effort was led by Mexican Economy Minister Marcelo Ebrard and Jeffrey Gerrish, the deputy US trade representative. Following the conclusion of the talks, Minister Ebrard expressed optimism about the trajectory of the negotiations, stating, "We are already on the path toward completing the review as provided for under our free trade agreement with the United States and Canada."
The bilateral engagement is part of a structured roadmap leading up to the formal six-year USMCA Joint Review, which is scheduled to officially begin on July 1, 2026. To ensure a smooth transition into this formal phase, both nations have already mapped out the next steps in their dialogue.
A second round of negotiations is slated for June 16 and 17 in Washington, where officials will tackle agriculture and fair competition conditions, while continuing their discourse on rules of origin. This will be followed by a third round during the week of July 20 in Mexico City, specifically aimed at resolving any remaining pending issues.
As the three USMCA partners prepare to review the pact this year, the global community—from academic researchers to international trade analysts—will be closely watching how these adjustments shape the economic landscape of North America.
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Mexico, US conclude first bilateral round of USMCA review talks
cgtn.com
