Ankara: Mexico and the US have successfully wrapped up the third round of discussions focused on the review of the US-Mexico-Canada Agreement (USMCA), amidst ongoing trade uncertainties and renewed threats to the regional trade pact. The talks, which took place from July 21 to 23, were held in Mexico City and involved high-level meetings between Mexican President Claudia Sheinbaum and US Trade Representative Jamieson Greer. Mexican Economy Secretary Marcelo Ebrard also played a significant role during these negotiations.

According to Anadolu Agency, a joint statement highlighted that both parties made significant progress on a shared agenda which covered critical areas such as economic security, labor, agriculture, electronic payment services, and sectors like steel, aluminum, and automotive. Greer expressed gratitude towards President Sheinbaum for her leadership and dedication to enhancing the economic ties between the United States and Mexico.

The joint statement also emphasized the two countries' commitment to deepening bilateral cooperation aimed at bolstering North American manufacturing and strengthening regional supply chains. Additionally, both governments addressed concerns regarding non-member countries allegedly benefiting from the agreement without fulfilling its obligations.

The review process has been overshadowed by uncertainty following US President Donald Trump's declaration that he would not renew the agreement "in its current form," citing the US trade deficit. Trump further cautioned that he might terminate the agreement if his administration's primary demands were not met.

The next round of negotiations between Mexico and the US is slated to take place in Washington, DC, in September 2026, indicating ongoing efforts to resolve these challenges and refine the trade pact for mutual benefit.