Ahead of the TMEC review in 2026, the American Society of Mexico (Amsoc) stressed the need to establish regulations for trade with China. He argues that current conditions do not favor North American markets. Larry Rubin, president of Amsoc, expressed that Chinese companies, backed by their government, compete with advantages that hinder the growth of companies in Mexico, the United States and Canada.
“(There is no even floor) with Chinese companies because they are financed by their own government. So they are not really private companies and that creates conditions in the market that are impossible to meet.”
Larry Rubin
TMEC: Economic Stability in the Face of New Challenges
Rubin consideres that the priority for TMEC member countries should be to maintain a balanced competitive terrain, especially in the face of the challenges posed by China’s participation in global trade. He further stated that the economic relationship between Mexico and the United States remains far more significant than any trade exchange with China.
Although Claudia Sheinbaum proposed including countries such as Colombia in the treaty, Rubin assures that this issue is not high on the current agenda, as the focus is on migration, security and the trade relationship with Asia.
Prospects for the Future of the Treaty with China
The business leader envisioned that a possible expansion of the SCMT could be discussed towards the end of 2025, when the renegotiation formally begins. In the meantime, he stressed that the treaty has been a key tool for investors from the three nations and that it is essential to protect it as a pillar of economic stability in the region.
Trade with China, seen as a matter of national security by the United States, will be one of the central issues in future discussions, with the aim of balancing conditions for U.S. companies and maintaining the competitiveness of the trade bloc.
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