The integration trend of the Treaty between Mexico, the United States and Canada (TMEC) is irreversible, the Secretary of Economy, Marcelo Ebrard, said this Friday, despite the uncertainty generated by Donald Trump’s presidential victory due to 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. “Neither do we (Mexico), nor the United States want to stop it,” the official said at a media event.
Within the framework of the presentation of ‘Buen Fin’, a discount program equivalent to ‘Black Friday’, the secretary 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.
Ebrard stressed that only between 2023 and 2024, Mexican exports to the United States grew 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 also increased 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,” the official said.
Likewise, he acknowledged that tensions may arise, but recalled that impositions of this type have already been negotiated before during Trump’s first presidency (2017-2021).
Ebrard argued that this measure implies a very high cost, especially for the American consumer.
Even with these possible obstacles, Ebrard defended that the current successes of the USMCA have attracted large-scale international investments.
Read: Tariffs proposed by Donald Trump would increase inflation in the US
An example of this, Ebrard said, is the recent visit to Mexico by Larry Fink, executive director of BlackRock, one of the largest investment funds in the world, who expressed interest in investing in the country.
“Big capital comes because they see that the country is going in the right direction,” said Ebrard, also alluding to the announcements by the Argentine platform Mercado Libre about an increase in its investments in Mexico.
Ebrard also revealed his intention to strengthen the economic relationship with Japan, particularly in the hydrogen energy sector, an area in which the Asian country has made one of the most important technological bets.
Toyota, whose executives attended the National Palace on Thursday, and other Japanese companies plan to increase their investments in the country, which, according to Ebrard, represents a strategic opportunity to diversify Mexico’s energy matrix and establish key alliances in the field of technology. green.
Furthermore, Ebrard explained that in the first call between Trump and the president, Claudia Sheinbaum, the expectations of both parties were addressed and it was a positive conversation, denying fears of confrontation.
“It was a good first call between both leaders,” explained Ebrard, who stressed that the relationship between the two countries must remain in a line of optimism and clarity about Mexico’s objectives.
With information from EFE
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