The Mexican Chamber of Construction Industry (CMIC) warned that tariffs on Mexican and Canadian goods will affect the economy of the United States, Canada and Mexico, as well as US consumers.
“Tariffs not only affect Mexico and Canada, but also US companies integrated in the value chains of the region and, above all, the consumers of the United States,” said the agency led by Luis Méndez Jaled.
He added that there is a strategic importance of global value chains and international trade linked to the Free Trade Agreement between Mexico, Canada and the United States of America (TMEC).
It is a commercial relationship that benefits the three nations and that strengthens regional competitiveness, so it is essential to maintain dialogue, cooperation and respect for international agreements, he added.
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“We express our concern for the recent decision of the United States to impose general tariffs on Mexican exports,” he said.
The collection of tariffs generates uncertainty and could negatively impact various economic sectors of our country, he said.
Mexico and the United States have built a narrow and complementary commercial relationship, based on the TMEC, he said.
“Any measure that alters this balance must be reviewed based on the dialogue mechanisms and dispute solution contemplated in the treaty itself,” he said.
The stability and competitiveness of both countries depend on the cooperation and strengthening of their value chains.
“From the CMIC, we trust the ability of the Government of Mexico, headed by our president, Claudia Sheinbaum Pardo, to promote a solution that allows mitigating the effects of this decision, protecting economic development, productive investment and employment in our country,” he said.
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CMIC affiliates closed ranks with the productive sector and with the Sheinbaum government “reiterating our willingness to collaborate in the construction of strategies that strengthen Mexico’s competitiveness in international trade.”
“We will remain attentive to the evolution of this issue, convinced that dialogue and cooperation will continue to be the pillars of the relationship between both nations,” he said.
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