Mexico - Trade AgreementsMexico - Trade Agreements
Note: ITA has launched a webpage on the United States-Mexico-Canada Agreement (USMCA), which centralizes information on the Agreement including: USTR’s issue and state fact sheets; the Agreement text; Advisory Committee and Small Business reports; and exporter resources for Mexico and Canada, including the FTA Tariff Tool. Please visit the site for more information on the USMCA! Also note that until noted otherwise, you will still need to refer to the current NAFTA agreement to qualify your products and certify origin.
For U.S. exporters, Mexico’s trade liberalization efforts mean that the Mexican market is one of the most open and competitive in the world.
The United States, Mexico, and Canada are parties to the North American Free Trade Agreement (NAFTA) and there are no tariffs for qualifying goods and services traded among the three countries (aside from selected tariffs in connection with the 2018 U.S. imposition of steel and aluminum tariffs and Mexico’s retaliatory tariffs). In 2017, with total two–way trade totaling USD 623 billion, the United States had a USD 6.98 billion surplus in trade in services and a USD 71.0 billion deficit in trade in goods with Mexico. The total trade deficit (goods and services) represented 12.2 percent of the global U.S. goods and services trade deficit (USD 566 billion).
While our economies and businesses have changed considerably over the last 25 years, NAFTA has not. The United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities under NAFTA. A review of NAFTA will help make the United States, and North America, a stronger, more attractive place to do business and a model for the rest of the world in the 21st century. To this end, all countries began negotiations on August 16, 2017. Topics that will help inform the direction, focus, and content of the NAFTA negotiations include trade in goods; sanitary and phytosanitary measures; customs, trade facilitation, and rules of origin; technical barriers to trade; good regulatory practices; trade in services, including telecommunications and financial services; digital trade in goods and services and cross-border data flows; investment; intellectual property; procedural fairness for pharmaceuticals and medical devices; state-owned and controlled enterprises; competition policy; labor; environment; anti-corruption; trade remedies; government procurement; small- and medium-sized enterprises; dispute settlement; and currency. For future developments and information on eventual agreements related to the NAFTA renegotiation, check the Fact Sheets and NAFTA pages at the Office of United States Trade Representative at www.ustr.gov.
Mexico is a member of the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation (APEC), the G-20, and the Organization for Economic Cooperation and Development (OECD). Mexico has more free trade agreements (FTAs) than any other country in the world—12 FTAs with 46 countries—including NAFTA and FTAs with the European Union, European Free Trade Area, Japan, Israel, and ten countries in Latin America. Mexico is a party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which, once ratified by each country, will link 11 Asia-Pacific economies. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru in 2011.
More information on trade agreements can be found at the USTR and ProMexico list in the Web Resources.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Mexico Trade Development and Promotion Trade Agreements