{"id":1257,"date":"2022-08-08T10:00:51","date_gmt":"2022-08-08T10:00:51","guid":{"rendered":"https:\/\/padressantosindustrialpark.com\/2022\/08\/08\/the-benefits-of-the-t-mec-for-industry\/"},"modified":"2022-08-08T10:00:51","modified_gmt":"2022-08-08T10:00:51","slug":"the-benefits-of-the-t-mec-for-industry","status":"publish","type":"post","link":"https:\/\/padressantosindustrialpark.com\/en\/2022\/08\/08\/the-benefits-of-the-t-mec-for-industry\/","title":{"rendered":"The benefits of the T-MEC for industry"},"content":{"rendered":"

Two years after the signing of the Agreement between Mexico, the United States and Canada, the results have been positive for manufacturing companies.
\n <\/p>\n

What is the T-MEC?<\/strong><\/h2>\n

The Agreement between Mexico, the United States and Canada (T-MEC) is the predecessor of the North American Free Trade Agreement (NAFTA), which has been in force for 26 years. The T-MEC entered into force on July 1, 2020 and brings with it significant differences in addition to the name.<\/p>\n

It has new rules, provisions and rights that bring benefits to all countries equally.<\/p>\n

Thanks to this agreement, the economies of the countries involved are growing, and Mexico has identified major benefits.<\/p>\n

In 2020, Mexico suffered the consequences of the pandemic, and due to the worldwide economic crisis, the country’s economy declined by 8.5%, a drop greater than that of the US and Canada.<\/p>\n

However, demand from other countries, especially the United States, for Mexico’s exports has boosted the economy and has allowed for a gradual recovery of the Mexican economy.<\/p>\n

An interesting fact is that of the goods that Mexico exports to other countries, the United States receives 80% of the total and Canada only 3%.<\/p>\n

It is worth mentioning that one of the sectors that took a short time to recover compared to the others, despite the global situation once activities were restored, was the manufacturing<\/strong> sector.<\/p>\n

This represents favorable news for the country’s industrial zones, with positive numbers and a boom in productivity, a greater number of jobs and economic growth in companies.
\n <\/p>\n

Benefits of the T-MEC for industrial companies<\/strong><\/h2>\n