The USMCA is off to a strong start bolstering prosperity across North America. However, there will need to be progress on a range of important issues in the next three years
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Against the backdrop of positive economic news out of the United States, Mexico’s economy has reason for moderate optimism
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Many news reports highlight increased FDI in northern Mexico’s industrial parks and announcements of significant new manufacturing investment in the auto sector, including a new Tesla plant in Nuevo León
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To fully capitalize on the momentum of nearshoring, it is imperative that the “three amigos” jump in with both feet and fully engage on the trilateral trade and competitiveness agendas, including effectively addressing disputes
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Political temperatures are also rising, and potential conflicts and near-miss economic catastrophes are coming to a head in the Western Hemisphere and around the globe
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Keeping Covid in Check
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In March 2020, the Title 42 policy was introduced by former U.S. President Donald Trump. It permitted the swift expulsion of migrants during the covid-19 pandemic
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An End to Covid?
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López Gatell explained that Mexico decided to end the emergency due to a continuous downward trend in covid-19 cases, hospitalizations and deaths. In addition, the health undersecretary pointed to Mexico’s high level of immunity against the virus, either by infection or by vaccination
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Just two days after Mexican President Andrés Manuel López Obrador (AMLO) announced over Twitter that he has contracted covid-19 for the third time, U.S. Ambassador to Mexico Ken Salazar reported that he too was infected with the coronavirus
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