Looking ahead to the review of the Treaty between Mexico, the United States and Canada (TMEC) in 2026, the American Society of Mexico (Amsoc) considered that trade with China in North American countries should be regulated in the face of an uneven floor “impossible to compete.” .
“The level floor has to be for everyone and evidently it is one of the factors that most worries American investors and, particularly, the United States Government,” said Larry Rubin, president of Amsoc, an organization that brings together American companies in Mexico.
The business leader explained that it is difficult to compete with companies that are not completely private, since the Chinese Government also grants them financing, which creates uneven market conditions.
“(There is no level playing field) with Chinese companies because they are financed by their own Government. So they are not really private companies and that creates conditions in the market that are impossible to meet,” he criticized at a press conference.
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In addition, he explained that companies seek to monopolize markets, which results in price control that leaves domestic producers in North America at a disadvantage, which is why it must be regulated.
“We think that trade with China definitely has to be regulated, trade with China has to be seen in the same proportion,” he emphasized.
In this sense, he pointed out that the greatest benefits in trade are Mexico and the United States and that they even outweigh the trade that either nation may have with China.
In addition, he recalled that it is an issue that the US views as national security.
TMEC can expand, but it is not on the agenda
Rubin asserted that “there is room in the USMCA to expand it to other nations, including Colombia,” after President Claudia Sheinbaum mentioned that she would propose in her review that the treaty also benefit the south of the continent.
However, he considered that the discussion agenda is far from this interest, since topics such as migration, security, trade with China, among other factors that afflict the three nations, including the new reforms in Mexico, will be discussed.
“Definitely, I think it is a good initiative to look for alternative markets as well, both for the United States, for Canada, and for Mexico, but right now we can hardly measure whether or not there will be that appetite,” he said.
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He said that this issue could come to light until the end of 2025, when the USMCA renegotiation fully enters and when US legislators define their interests.
However, he highlighted that the USMCA “has been a very valuable instrument for American businessmen and that there is a lot of interest in ensuring that the USMCA, as it is today: Mexico-United States-Canada, continues to be a strong instrument for businessmen from the three nations.”
With information from EFE
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