Mexican economy: There is no going back in the T-MEC, warns Ebrard

The integration trend of the Treaty between Mexico, the United States and Canada (T-MEC) is irreversible, stated the Secretary of Economy, Marcelo Ebrarddespite the uncertainty generated by the presidential victory of Donald Trump for his threat of tariffs.

“Sometimes it is worth being optimistic. This trend (of integration) is irreversible, you can make it a little more difficult, yes, but you cannot stop it. “We don’t want to stop it, neither do we (Mexico), nor do the United States,” he said at a media event.

Ebrard explained that the greater integration of Mexico and the United States is necessary to achieve common objectives such as reducing inflation and creating a greater number of formal jobs.

The head of the Ministry of Economy stressed that only between 2023 and 2024, Mexican exports to the United States grew by 6.5%, a figure higher than the growth of the US economy, which places Mexico as one of the few countries to achieve this level. of expansion in such a competitive market.

He also noted that US imports into Mexico increased by 4.2%, which, according to Ebrard, reflects increasing productive integration. “We are exporting more than the North American economy is growing, increasing our participation in its market,” he pointed out.

Ebrard He acknowledged that tensions may be faced, but recalled that impositions of this type have already been negotiated before in the first presidency of Trump (2017-2021).

He argued that this measure implies a very high cost, especially for the American consumer. Even with these possible obstacles, the Secretary of Economy defended that the current successes of the T-MEC have attracted international investments.

CT