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USMCA Presentations
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Since its implementation in 1994, the North American Free Trade Agreement (NAFTA) has transformed our region into an economic powerhouse. Since then (1993-2021), US exports to Mexico have increased by over 565%, exports from Mexico to the US increased by over 864% and total trade between the US and Mexico increased 711%. NAFTA allowed for the creation of production chains that are fundamental for our region's current and future competitiveness.
In 2020, NAFTA evolved into the United States-Mexico-Canada Agreement (USMCA) to address the needs and challenges of the 21st-century. USMCA seeks to expand trade and investment across North America, increase regional competitiveness, and strengthen the economic relationship between Mexico, the United States, and Canada.
USMCA supports mutually beneficial trade leading to more accessible markets, fairer trade, and robust economic growth in North America. The agreement includes ground-breaking provisions that foster digital trade liberalization, increase agricultural trade, support small and medium-sized businesses, improve worker protections, strengthen environmental regulations, and ensure the agreement's enforceability.
- 34+ billion dollars in US automotive investments in the next 5 years.
- 23+ billion dollars in US auto parts purchases annually within the next 5 years.
- Over 76,000 new jobs will be created in the U.S. thanks to USMCA.
- To maximize efficiency, one car part can cross the border up to 8 times before the car is finally assembled.
- US total trade with its USMCA partners is 58% larger than US-European Union trade.
- In 2021, Mexico was the United States’ #2 trade partner.
For additional facts and information see the presentations and factsheets below and/or visit www.gob.mx/t-mec
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Section of Economic Affairs