Invasion will cloud the T-MEC review, fears Index

Given what happened in Venezuela, the country’s maquiladora sector does not rule out a tightening of United States policies that could alter the review of the T-MEC.

In a brief message at the beginning of the year, the National Council of the Export Manufacturing Industry (Index) indicated that it will closely follow events at the international level, which would generate a hardening of the discourse on energy, immigration and security matters.

The business organization warned that if the above occurs, the review process of the treaty between Mexico, the United States and Canada is at risk of being clouded.

However, the Index indicated that during this year it will seek to continue promoting the arrival of foreign direct investment and the generation of more and better jobs, as well as maintaining close communication with representatives of the governments of Mexico and the United States.

He added that he will closely follow the modifications to the General Import and Export Tax Law (LIGIE) and the Tariffs of the General Import and Export Tax Law (TIGIE) promoted by the federal government through the Secretariats of Economy and Finance.

In that sense, he reiterated his availability to provide the vision of the export manufacturing sector with more than 60 years of experience.

Sustainable development

“The updating and establishment of tariffs will allow correcting trade distortions, guaranteeing fair conditions of competition for national producers in the face of unfair practices and external subsidy policies, as well as aligning tariff policy with a vision of sustainable and regional development,” he highlighted.

“We consider that our country should take advantage of the internal market to help balance foreign trade balances for the benefit of the coexistence and well-being of all Mexicans, thereby achieving a solid, diversified and socially inclusive national industrialization.”

The organization reiterated its interest in being a key actor in the review of the USMCA and strengthening relations with congressmen and US peers, mainly on the tariff issue.