T-MEC, a lever for growth, two years after its entry into force: SE

Two years after its entry into force, a Treaty between Mexico, the United States and Canada T-MEC has proven to be a driver of economic growth and opportunity generation in the North American region, as highlighted by the Department of Economics (SE).

General Manager Control, Administration and Oversight of Trade Treaty Compliance at SE, Lydia Antoniosaid that since its implementation on July 1, 2020, the USMCA Allowed hundreds of Mexican companies, businesses and services to enter the US and Canadian markets, gaining economic and commercial advantages

Although it is USMCA Entered into force at a time complicated by the global health crisis, supply chain disruptions and inflationary pressures, the mechanism has allowed us to cooperate as a region and face the economic challenges of the twenty-first century,

During the online event “T-MEC Entrepreneurs: Success Stories,” he emphasized that after two years of the pandemic and treaty implementation, we are now in a period of economic recovery and enjoy greater stability in international trade.

Added in this scenario, Mexico with the United States and Canada They have the opportunity to focus on the most recent chapters and provisions of the Treaty, of which the chapter on Small and Medium Sized Enterprises (SMEs) or digital commerce is undoubtedly of great importance.

He pointed out that The Ministry of Economy Realizes the importance of SMEs, as they not only contribute to production and marketing processes, but also provide employment opportunities and have the flexibility to adapt to new technologies and business behaviours.

mentioned that Small and medium-sized companies They are a central part of the economy and employ approximately one-third of the working population in the private sector, contributing significantly to investment, value added and gross national product.

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Antonio mentioned that Small and medium-sized companies Contributes 42 percent of Gross Domestic Production (Gross Domestic Product) is national and generates 73.8 percent of the country’s paid jobs, according to data from the National Institute of Statistics and Geography (Inegi).

Recognizing the importance of small and medium enterprises, he noted that the three countries in USMCA Develop and strengthen the chapter on small and medium enterprises, within the framework of the modernization of the treaty.

He noted that Chapter 25 of SMEs presents and creates opportunities for expansion and participation for entrepreneurs from the three countries, and their integration into international markets.

In addition, he said, to coordinate efforts and triangular cooperation in order to increase the competitiveness of companies, a committee has been set up Small and medium-sized companiesResponsible for identifying areas of opportunity, ways to enhance cooperation, analyze best practices, and develop and enhance development opportunities for companies in the region

“The Small and medium-sized companies He stressed that they are the backbone of economies and seek through the Treaty to promote the continuous exchange of information, best practices and ways to improve the development of companies.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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