North America’s trading partners are in Cancun for two days of meetings to take stock of the last three years under the U.S.-Mexico-Canada Agreement.
International Trade Minister Mary Ng is sitting down with U.S. Trade Representative Katherine Tai and Raquel Buenrostro, Mexico’s economy secretary—the “three amigas,” as Ng calls them.
Tai’s office says the U.S. exported nearly US$790 billion in goods and services under the trade deal in 2022, 31 percent more than in 2012.
The U.S. Department of Commerce estimates North American exports supported some 2.1 million jobs in 2021.
All three sides will likely be thinking about the agreement’s six-year review clause, which requires a comprehensive assessment of the deal by June 2026….