Tuesday , May 18 2021

Guajardo warns of the pressure to change what has been agreed in the T-MEC

CITY OF MEXICO – Economy Secretary (I), Ildefonso Guajardo Villarreal, urged the Senate of the Republic to ratify the Treaty of Mexico, the United States and Canada (T-MEC) to warn that the pressure will change in its content.

During a meeting with the North American Economic and Foreign Relations Committees in the Senate, where a critical route for the ratification of the T-MEC was analyzed, he explained that after the presidents of Mexico and the United States and the Prime Minister of Canada signed the agreement on November 30, , in Argentina, there will be a lot of pressure to change what has been agreed.

"It will be a lot of pressure to try to change what has been agreed, on the pretext that voices are needed to move forward. My recommendation is to keep order on what has been agreed," he said at the senatorial staff.

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"The table arrangement is good enough for all those who will decide in Canada, the United States and Mexico," the minister said.

"Undoubtedly, Mexico won it when it sent a message to the world that the incoming government and the government were going to preserve the most important international trade platform that is North America," he argued.

On the other hand, he called for the position of the Chamber of Commerce (Concamin) and the Senate to apply "measurement measures" to the United States before signing and ratifying the T-MEC on the subject of tariffs and aluminum.

He said it would be like "taking a bullet in the foot" because it would affect industry such as automotive, home appliances and energy.

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He emphasized that any approach adopted by the United States on this issue would be done by the steel industry.

"17 days after I finish my assignment, I will not put in a position that is not fully in line with the industry. Absolutely not got anything. If I try to solve it – Measure-232 with a good sign that we will get to the company, the only way to achieve this it would be the camera's consent, "he said.

However, he hoped an agreement with the United States on steel and aluminum would soon be reached. "Our expectation is that, before we reach the signature on June 30th, we will provide security in this agreement, we are in the process of achieving it."

The economy minister recalled that the Mexican government has already responded to the question of steel and aluminum tariffs with "$ 3,000 million in other sectors".

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"We are at a time when the last part should be analyzed, I repeat, there are implications for the automotive sector, there are implications for home goods, there are implications for structures, there are implications for energy projects, you have to be very aware of the impact that you have at the transition," he concluded. he.

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