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Worrying Signs From Mexico on Trade
By U.S. Senator Marco Rubio (R-FL)
March 10, 2021
RealClearWorld
The United States’ relationship with Mexico is critical to our shared security and economic interests. The deep cultural ties between our peoples, our cooperation on security issues, and the strong economic partnerships we have maintained will always necessitate close coordination between our governments.
Such a close relationship has led to significant diplomatic achievements in recent history. The Trump administration’s work with Mexican President Andrés Manuel López Obrador to negotiate and later ratify the U.S.-Mexico-Canada Agreement, or USMCA, was a critical step to protect American workers…
The USMCA’s success is contingent on all three signatory nations following its rules. While it takes a team to deliver results, I am concerned that certain steps taken by the Mexican government risk breaching elements of an otherwise productive, forward-looking agreement among our three countries. Specifically, Mexico’s government is favoring state-owned entities and pushing to eliminate domestic regulatory agencies.
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Delays and noncompliance with the USMCA will hurt Mexico. Deeper industrial development and tighter relations with the United States and Canada will mean greater prosperity for the Mexican people, and each setback in implementing the agreement chips away at such gains.
More generally, politicization of the Mexican regulatory system risks causing a chilling effect on foreign business investment and harming Mexico’s overall economy. If the government fails to abide by labor reforms and obligations required under the USMCA, it is Mexican workers who will be affected.
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There are many opportunities for Mexico and the United States to work together… The trade deal is one of the most powerful tools we have to deepen our nations’ ties and benefit our workers, and to let it slip away would be a missed opportunity for Mexicans, Canadians, and Americans alike.
Read the rest here.