The President of the United States, Donald Trump, has expressed his intention to advance the discussion on the Free Trade Agreement shared with Mexico and Canada, raising the question of whether he would be willing to terminate the agreement if he is not satisfied with it. Although Article 34 of the treaty establishes a deadline that would conclude this year, Trump could leave the door open for renegotiation or even an exit as a negotiation strategy on other fronts.
Over the years, Mexico has faced various economic crises and questionable decisions that have repercussions today. In 1994, for example, the country experienced a significant peso devaluation. More recently, in 2013 and 2018, legal changes were made that opened private investment in key sectors such as oil and electricity, generating controversy and changes in energy policies.
Economic uncertainty and erratic political decisions have contributed to a sense of instability in the region. In this sense, the possibility that the Free Trade Agreement between Mexico, the United States, and Canada may end sooner than expected poses additional challenges. Experts have pointed out the importance of respecting the agreements reached and have warned about the possible consequences of a unilateral rupture.
Trump's stance on trade agreements has also raised concerns among various stakeholders. The U.S. Chamber of Commerce and other business groups advocate for the continuity and expansion of free trade agreements, rather than their cancellation or radical modification. Furthermore, global economic competition has evolved towards sectors such as cybersecurity, biotechnology, and artificial intelligence, which poses new challenges and opportunities for the economies in the region.
