USMCA: Increased competitiveness in Mexican industries

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USMCA: Increased competitiveness in Mexican industries

The National Council of the Maquiladora and Manufacturing Export Industry (Index) stresses that with the entry into force of the USMCA, industries in Mexico must be prepared to meet world-class rules, which will boost Mexico’s progress.  

The Index is a business organization created in 1983 to represent the interests of export manufacturing companies in Mexico, which today operate under the Program for the Promotion of the Manufacturing, Maquiladora and Export Services Industry (IMMEX).

Currently, the Index is present in 26 states, and has around 1,200 members. Its total partners account for more than 80% of the workforce in the Mexican export industry.

According to Luis Aguirre Lang, President of Index, the United States-Mexico-Canada trade agreement will generate pressure towards an increase in competitiveness in the Mexican economy due to high international standards, as well as monitoring and the inclusion of new 21st century disciplines. As long as companies established in Mexico comply with the USMCA regulations, it will generate a healthy business environment.

USMCA, an opportunity for Mexico

Luis Aguirre Lang says that the entry into force of the USMCA will strengthen the Mexican economy, as well as trade in North America.

He also says that companies located in Mexico have the chance to take advantage of this trade agreement’s new opportunities, which also provides certainty so that companies invest in the region. 

Undoubtedly, the United States needs its allies nearby (Mexico and Canada) and, of course, reliable companies to supply its value chains. Therefore, the three countries must be seen as a united competitive region in order to compete with Asia. 

Another important point is that the USMCA modernizes NAFTA disciplines by adapting them to the needs of the 21st century economy. To this end, it incorporates tools that encourage the development and efficient use of energy resources, promote the development of digital trade, facilitate trade in financial services, foster the competitiveness of telecommunications and strengthen the protection of intellectual property.

According to Israel Morales, Trade Compliance Traffic & Transportation Manager at Caterpillar, who also serves as National Director of the Index’s Trade Agreements and Treaties Working Group, industries in Mexico must be prepared to comply with world-class rules which, once implemented, will drive the country’s progress. 

Oradel Industrial Center is looking for foreign companies to invest in Mexico and establish their operations in our industrial park, which offers competitive advantages for foreign trade.

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