Mexico, U.S., and Canada Agree to Continue Implementing USMCA

On September 18 local time, Mexican President Sheinbaum stated that Mexico, the United States, and Canada have agreed to continue implementing the current USMCA.

Sheinbaum noted that even if the U.S. imposes tariffs, the vast majority of exported goods are not subject to tariff barriers. The current USMCA can still promote trade development in North America, and the three countries have reached a consensus on this. Canada and Mexico have agreed to strengthen the implementation of the agreement, and for this purpose, she will meet with Canadian Prime Minister Carney.

The USMCA replaced the North American Free Trade Agreement (NAFTA) in 2020 and is valid for 16 years, but it stipulates a review and revision every six years. The first revision is set to begin in July 2026. On the 17th of this month, the Mexican government announced the launch of a public consultation process for the revision of the USMCA, allowing citizens, businesses, and relevant industries to participate within 60 days.