The Mexican economy depends on North America and there are treaties that the country does not need and that could serve as a bargaining chip with Donald Trump, president of the United States, to negotiate, considered Julio Rodríguez , vice president of the National Chamber of the Transformation Industry (Canacintra) .
At the Foreign Trade Congress. Globalization, trade agreements and geopolitics: Impact on business growth , organized by Concanaco-Servytur , Rodríguez gave as an example the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CTPAP) , which is made up of Mexico, Canada, Australia, Brunei, Japan, Chile, Malaysia, Peru, Singapore, Vietnam and New Zealand.
According to the Ministry of Economy , the accumulated Foreign Direct Investment (FDI) from 1999 to June 2022 through this trade agreement amounted to 87,527.4 million dollars (mdd) , equivalent to 13.1% of the total FDI received by Mexico. According to the federal agency, there are 7,474 companies in the country with TIPAT investment.
He pointed out that by not negotiating with Korea, Mexico is closing off a market that could be a potential market for agricultural exports. He also pointed out that tariffs should be increased, but in an intelligent manner, although not with the countries with which Mexico has treaties.
At the conference Trade Treaties and Geopolitics: Keys to Market Expansion and Diversification , Guillermo Malpica , former negotiator of the Treaty between Mexico, the United States and Canada (T-MEC) , pointed out that it is a political decision that defines a trade negotiation.
He stressed that the country has a privileged position due to its 14 trade agreements, although 80% of its trade is with its North American partners, namely the United States and Canada.
Under Donald Trump, different rules are being created in terms of trade, as his interest is to attack the United States’ trade deficit, which is why he seeks to implement a protectionist policy, the specialist stressed.
Globalization and international trade
Today’s globalization is different from that of the late 20th century, due to the emergence of technology, explained Alejandro Gamboa , former secretary of the Goods Committee of the World Trade Organization (WTO) .
In his speech, he said that the WTO was prepared for China’s entry, so there was a paradigm shift in this organization, and he assured that a challenge for globalization is the proliferation of trade agreements, as well as the COVID-19 pandemic, which made countries think about being self-sufficient in various areas.
Andrés Rohde Ponce , president of the International Academy of Customs Law (ICLA) , said that globalization is a very complex process involving economic, social, cultural, and other aspects.
At the conference Globalization versus anti-globalization: Challenges and opportunities in international trade , he stated that the greatest challenge of globalization is sustainability , since the economy must grow, but not at a high environmental cost.
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