incentives will be increased to allow the development of local suppliers. It will also provide greater security for international investments and make Mexico a more attractive location to begin business expansion into the U.S. market, mainly for European investors.

USMCA/T-MEC Agreement: Outcomes for Business

On 30 November 2018, the US, Mexico, and Canada forged a trade deal known as the United States-Mexico-Canada Agreement, or USMCA OR T-MEC (Tratado Mexico, Estados Unidos, Canada in Spanish). The USMCA replaces its predecessor, the North American Free Trade Agreement (NAFTA), which had been in effect since 1994. Under the terms of NAFTA, tariffs …

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