Twitter article: 🚀 North America’s economic boom under USMCA! 🧵 Key metrics showcasing USMCA's success with Amb. @EAnthonyWayne. Over the past four years, we’ve seen massive growth in trade, investmen

🚀 North America’s economic boom under USMCA! 🧵

Key metrics showcasing USMCA's success with Amb. @EAnthonyWayne. Over the past four years, we’ve seen massive growth in trade, investment, and jobs across the region. And this is just the beginning! 🌟👇🏼 #USMCA #Trade #EconomicGrowth

Link: https://x.com/DiegoTMEC/status/1815426603029070036

📈 Trade: Since its implementation on 07/01/2020, USMCA has faced significant challenges but delivered outstanding results. Despite COVID-19, Russia's invasion of Ukraine, and tensions with China, North American trade has soared by 50% 🌟📊 #USMCA #Trade #EconomicGrowth

🌟 In 2023, North American trade reached $1.88 trillion—$3.6 million per minute! 💸 Mexico and Canada are the top US trading partners for the first time since 2002, with trade volumes 195% higher than US-China trade in Q1 2024. 📊🚀

🌐 Under USMCA, Mexico is now the US's biggest supplier, and Canada its top export destination. 📈 The US trade deficit with Canada and Mexico has grown by $54B and $45B, respectively. New US tariffs on China fueled shifting trade to North America. 📊🌎 #USMCA #Trade #NorthAmerica #EconomicGrowth

Link: https://x.com/DiegoTMEC/status/1810785429349650765

👷‍♂️ Jobs: USMCA also supported job growth in North America. Intra-regional trade in goods and services supported nearly 17 million jobs in 2022—a 32% increase compared to 2020. 🚀👩‍🏭 #USMCA #JobGrowth #EconomicSuccess #NorthAmerica

💰 Investment: Since USMCA's implementation and passage of 3 major new US domestic programs, investment has surged! In 2023, the US and Canada became top global destinations for foreign direct investment (FDI), attracting $311 billion and $50 billion, respectively. 🌍💸 #USMCA #Investment #FDI #EconomicGrowth

Mexico lagged in FDI, attracting only $37B, with nearly 50% from 🇺🇸🇨🇦. This falls behind Brazil's $66B.

The @IMFNews showed 🇲🇽 trailing five larger LATAM countries in FDI as % of GDP.

Only 13% of Mexico’s FDI in 2023 came from new ventures, with 87% from existing investors.

🌟 While new investments from existing investors offer benefits, this trend highlights concerns that Mexico's investment environment is preventing it from reaching its full potential. 🛑🔍 #Investment #Mexico #EconomicGrowth

🌱 New Ventures: Greenfield FDI surged by 136%, hitting $190 billion in 2023. In Q1 2024 alone, greenfield investments reached $94 billion, nearly 50% of 2023's total. 🚀 These promising figures are set to grow, fueled by investments in resilient supply chains, AI, EVs, semiconductors, and new govt focus on nearshoring. Enhanced investment environments will boost benefits. 📈💡 #FDI #Investment #EconomicGrowth #Innovation

⚖️ Dispute Resolution: USMCA has made strides in reducing trade and investment risks across North America. To date, there have been seven state-to-state disputes, covering issues from automotive rules to oil and gas, solar panels, and agricultural trade. 🚗🌾 Five disputes have reached the panel stage, and two have been resolved. However, key cases energy policies, Mexico’s GMO corn approach, dairy trade with Canada, and automotive rules of origin remain unresolved. 🔍⚠️ #USMCA #TradeDisputes #NorthAmerica

👷‍♂️ Labor: USMCA's Rapid Response Labor Mechanism (RRM) has made substantial progress. From May 2021 to June 2024, 25 labor complaints were filed, with 21 resolved quickly, improving wages and conditions for Mexican workers. 🚀💼 72% of RRM disputes involved Mexico’s automotive sector, and only 2 cases have reached the panel stage. On average, cases are resolved in 115 days. 🕒🔧 #USMCA #LaborRights #Trade #Mexico

🚨 What could disrupt North America's positive momentum? A failed USMCA review in 2026. The USMCA’s unique ‘review clause’ (Article 34.7) requires the three countries to confirm their intent to continue the agreement at the six-year mark. 📝 Two key challenges: ensuring USMCA compliance and managing China’s rising influence in regional supply chains. 🌐🔍 #USMCA #Trade #NorthAmerica #China

Link: https://x.com/DiegoTMEC/status/1816908284064153755

🚗 Automotive Rules of Origin: A key issue is the USMCA panel’s decision on auto ROOs. Canada and Mexico’s flexible interpretation clashed with the US’s stricter approach. On December 14, 2022, the panel found the US’s application inconsistent with the agreement. 📅 Despite the findings being circulated 565 days ago, there’s been no official word on US compliance. 📉🔍 #USMCA #TradeDisputes #Automotive #NorthAmerica

🗳️ Regardless of the November US presidential election outcome, it’s unlikely the next administration will swiftly address full USMCA compliance. 🚫 A rejection of the panel’s decision by the US would damage the agreement’s credibility, diminishing incentives for other parties to follow future panel findings and jeopardizing the 2026 review. ⚠️🔍 #USMCA #Trade #Compliance #NorthAmerica

🇲🇽 Potential Constitutional Changes: After Sheinbaum's massive victory, AMLO aims to push through major constitutional reforms before leaving office. One key proposal is reforming the judicial system to elect supreme court and federal judges by popular vote. 🗳️ This raises serious concerns about weakening judicial certainty and independence, potentially undermining the rule of law in Mexico. ⚖️🔍 #Mexico #ConstitutionalReform #RuleOfLaw #USMCA

🚨 AMLO’s Proposed Reforms: Several of AMLO’s other proposed changes—like eliminating autonomous regulators, overhauling state energy industries, and banning Genetically Modified Corn—may contradict USMCA commitments. 🌽⚠️ If approved, these reforms could pose serious challenges to USMCA and long-term competitiveness. 📉🔍 #USMCA #Trade #Mexico #EconomicChallenges

🌐 China’s Rise: China’s growing trade ties with Mexico and Canada could reshape the future of USMCA. 🇨🇳🔄 In Washington, China is a major bipartisan concern, with many seeing its attempts to access the US market indirectly through its neighbors as a critical issue. ⚠️📉 #USMCA #China #Trade #NorthAmerica

🌐 China’s Rising Influence: China’s growing trade ties with Mexico and Canada could reshape the future of USMCA. 🇨🇳 In Washington, China’s bid for indirect access to the US market through its neighbors is a major concern.

📉 While alarmist narratives are not fully supported by the data, the implications of China’s increased presence in key North American sectors need to be addressed. ⚠️🔍 #USMCA #China #Trade #NorthAmerica

Link: https://x.com/DiegoTMEC/status/1815827001267347594

Link: https://x.com/DiegoTMEC/status/1815838771507568813

🌟 USMCA’s Impact: USMCA success shows that enhanced economic integration, not just trade barriers or narrow interests, can drive growth and create opportunities for businesses, workers, and consumers across North America. 🤝 Will the “three amigos” rise to the challenge and harness this potential? 🤝🚀 #USMCA #NorthAmerica #Trade #EconomicGrowth

🌟 For more insights on how USMCA is benefiting workers and consumers in North America, check out the Mexico Institute and Canada Institute’s report: USMCA at Four: Measuring Success, Addressing China, and Working Towards the 2026 Review. 📊📈

Read the full report here: USMCA at Four 💼🌎 #USMCA #Trade #EconomicGrowth #NorthAmerica