July 1st will mark the start of the formal review of the United States-Mexico-Canada Agreement (USMCA) , clarified Marcelo Ebrard, head of the Ministry of Economy (SE) , who is in Washington DC for the second round of bilateral talks between Mexico and the United States, with a view to renegotiating this trade agreement.
In a video posted on his social media, the Mexican official said that on July 1, he and his team will have a virtual meeting with their counterparts from Canada and the United States.
“We will present Mexico’s position, and they will do the same regarding what comes next with the treaty. It can be automatically extended for 16 years, or it can be maintained for 10 years with periodic reviews,” he emphasized.
Ebrard explained that there are different alternatives planned, and that on that day they will see which one “we form among the three countries”.
He added that the next round of bilateral talks on the USMCA will take place in Mexico City on July 20.
“We are going to discuss texts and content in much more detail than what we have been talking about, since we started informal conversations in March and now we are having formal rounds of review,” he explained.
In the second round of bilateral talks in Washington DC, various topics related to the trilateral trade agreement were addressed, including rules of origin, economic security, agriculture, the automotive industry, and other relevant issues .
“Mexico presented its points of view and its proposals, which will have to be analyzed by our counterpart led by Jamieson Greer ( United States Trade Representative ),” Ebrard stated in the video.
It’s worth noting that the automotive sector is one of the key industries in the trilateral trade agreement. In the period from January to May 2016, Mexico exported 1,388,236 light vehicles , a 4% increase compared to the same period last year, according to the National Institute of Statistics and Geography (Inegi) .
The main destination for vehicles assembled in the country was the United States , a market that accounted for 75.4% of international shipments, reflecting the integration of this industry in the North American region.
Furthermore, according to figures from the US Census Bureau , trade between Mexico and the United States in April totaled $86,035.5 million , representing a 23.6% increase compared to April 2025.
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