Mexico's Ebrard: T‑MEC renewal possible, no substantive changes expected

President Claudia Sheinbaum urged entrepreneurs to safeguard their investments and expressed confidence in the United States‑Mexico‑Canada trade pact (T‑MEC), according to business leaders. Economy Secretary Marcelo Ebrard reiterated that extending T‑MEC for up to 16 additional years remains an option after the routine annual reviews, but he does not anticipate any substantive modifications to the agreement.

Ebrard also clarified that Mexico is not planning a new free‑trade agreement with China—or any other country—while it focuses on strengthening its position within T‑MEC, whose current term runs until 2036. He highlighted upcoming negotiations, including a first review meeting on 20 July with a U.S. delegation, and mentioned Mexico’s aim to address tariff concerns raised by the United States.

The trilateral talks between Mexico, the United States and Canada continue, with Mexico signalling its intent to keep the pact in force and possibly extend its duration, whereas the United States has stressed the need for annual reviews.