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Unpacking USMCA

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Manage episode 418571340 series 2789531
Content provided by Center for Strategic and International Studies, Center for Strategic, and International Studies. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Center for Strategic and International Studies, Center for Strategic, and International Studies or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In 2023, U.S. trade with Mexico grew to nearly $800 billion, leading Mexico to surpass both Canada and China as the United States’ number one trading partner. While U.S.-Mexico trade has long been a pillar of North American economic competitiveness, Washington’s efforts to move trade away from China in favor of nearshoring and friendshoring in the Western Hemisphere, coupled with the advantages of a modernized trade agreement in the form of the United States-Mexico-Canada Agreement (USMCA) has underpinned this increase in bilateral trade and investment. At the same time, Chinese investment in Mexico has skyrocketed, with estimates finding that in 2022 Chinese foreign direct investment in Mexico was more than double that of 2018.

In this episode, Christopher Hernandez-Roy sits down with Kenneth Smith Ramos, Chief Trade Negotiator for Mexico from 2017 to 2018 and one of the architects of USMCA. Together, they discuss the evolution of USMCA since its entry into force in 2020, with a focus on the recent surge of Chinese invesment in Mexico, understanding the nature of this investment, as well as the potential challenges it may present. They also discuss the upcoming 2026 Joint Review of the agreement, and what can be done by all three countries to lay the groundwork for a more constructive session.

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158 episodes

Artwork

Unpacking USMCA

35 West

73 subscribers

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Manage episode 418571340 series 2789531
Content provided by Center for Strategic and International Studies, Center for Strategic, and International Studies. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Center for Strategic and International Studies, Center for Strategic, and International Studies or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In 2023, U.S. trade with Mexico grew to nearly $800 billion, leading Mexico to surpass both Canada and China as the United States’ number one trading partner. While U.S.-Mexico trade has long been a pillar of North American economic competitiveness, Washington’s efforts to move trade away from China in favor of nearshoring and friendshoring in the Western Hemisphere, coupled with the advantages of a modernized trade agreement in the form of the United States-Mexico-Canada Agreement (USMCA) has underpinned this increase in bilateral trade and investment. At the same time, Chinese investment in Mexico has skyrocketed, with estimates finding that in 2022 Chinese foreign direct investment in Mexico was more than double that of 2018.

In this episode, Christopher Hernandez-Roy sits down with Kenneth Smith Ramos, Chief Trade Negotiator for Mexico from 2017 to 2018 and one of the architects of USMCA. Together, they discuss the evolution of USMCA since its entry into force in 2020, with a focus on the recent surge of Chinese invesment in Mexico, understanding the nature of this investment, as well as the potential challenges it may present. They also discuss the upcoming 2026 Joint Review of the agreement, and what can be done by all three countries to lay the groundwork for a more constructive session.

  continue reading

158 episodes

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