Monday, February 6, 2023

They will form an import substitution committee in North America

governments of Mexico, America why Canada agreed to form a joint committee for planning and import substitution in North America.

“(We agree) to try to become increasingly self-sufficient, as well as to make the development, cooperation and well-being of all the countries of our continent a reality,” President Andres Manuel Lopez Obrador said on Tuesday, according to the agreement. X Summit of North American LeadersIn which US President Joe Biden and Canadian Prime Minister Justin Trudeau attended Mexico City.

President López Obrador explained that Mexico, the United States and Canada would each propose four members to form this group of 12 experts.

“(Experts), in addition to being knowledgeable about the subject, will have our full confidence in motivating, persuading and persuading businessmen, workers and public servants of the three governments of South America to unite in the North and the entire American Seek union in the continent,” López Obrador said.

On the Mexican side, the members would be:

  • Marcelo Ebrard, Foreign Relations Secretary.
  • Rogelio Ramírez de la O, Finance and Public Debt Secretary.
  • Raquel Buenostro Sanchez, Economy Secretary.
  • Alfonso Romo Garza, in his capacity as an independent practitioner.

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Nominal imports of goods and services from the United States were relatively stable in 2018 and 2019 at $3.1 trillion, before declining by 9% in 2020. Then, in 2021, they will grow by 21% to $3.4 trillion (9.0% more than its pre-pandemic peak in 2018).

In the period 2018-2021, US imports mainly came from ChinaThe The European Union why Mexico,

China remains the main source of US imports in 2021, despite a decline in imports during that period and a decrease in its percentage share. That year, the EU’s import share was slightly higher than in 2018.

In addition, there was some significant increase in imports from Asian medium-sized economies—mainly Vietnam, the Republic of Korea, and Chinese Taipei—particularly electronics, semiconductors, and telecommunications products.

Import of products from January to September 2022 America Largest buyer of foreign goods in the world – totaling 2 trillion 556,000 million dollars, while imports from Mexico totaled 456,000 million and so on Canada His estimate was 428,000 million.

Cumbre Lideres Norte America Biden Amlo Trudeau Eric Lugo 9.Png 1224073793
President Andrés Manuel López Obrador; US President Joe Biden and Canadian Prime Minister Justin Trudeau deliver a message to the media within the framework of the X Summit of North American Leaders Photo EE: Eric Lugo

In the opposite direction, the United States is the world’s largest exporter of agricultural products. In seven of its states, agriculture represents more than 30% of the total value of its exports, and in another 14 the proportion exceeds 10 percent.

Canada why Mexico They are major traditional markets and although exports are growing more slowly in mature industrial economies, Europe and Japan remain important trading partners.

However, the food and commodity exports that have grown the most are to China and other fast-growing economies in East and Southeast Asia.

covid-19 pandemic It affected exports and imports of services much more than goods, mainly due to disruptions that affected travel and transport during the lockdown.

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