Automotive industry asks the AMLO government to improve the T-MEC; “It’s not enough to stay inside”

The National Auto Parts Industry (INA) urged the Mexican authorities not only to maintain the Trade Agreement between Mexico, the United States and Canada (T-MEC) but to “take care of it and improve it”, so that the automotive sector continues to position itself in the North American market.

After President Andrés Manuel López Obrador affirmed that Mexico will not leave the T-MECthe auto parts industry highlighted that Mexico is the main supplier of auto parts for USAsince 36% of the total imports of that country come from Mexico, that is, almost 80,000 million dollars are expected at the end of this year.

The private organization headed by Francisco González said that the Mexican auto parts industry “is the backbone for the manufacture of vehicles in Mexico and throughout North America”, with a production for this year of more than 102,000 million dollars.

In his morning conference, López Obrador acknowledged that as North American trade partners “we need each other” with the United States and Canada.

“That is why the importance, not only of maintaining the free trade agreement between Mexico, the United States and Canada, the so-called T-MEC, if not that we have to take care of it and improve it, so that the automotive sector continues to be the pride of the Mexican families that depend on it and of all Mexicans as it is the second most important pillar for the economy of our country, with a surplus of more than 88,000 million dollars, only speaking of the automotive manufacturing sector; larger than foreign exchange earnings, oil or the tourism sector, combined,” said the WHEN.

According to industry estimates, North America will produce $379 billion of auto parts in the region, of which 94.8 billion dollars will correspond to Mexico. While he estimates that this country will play a role of increasing leadership as a supplier to the United States in the auto parts sector.

He recalled that in 2007, Mexico represented 30% of imports of auto parts from the United States, while China, 10%. The forecast of WHEN for the end of 2022 it is 39% for Mexico, while China will decrease its percentage to 9.5 percent.

The T-MEC allows an important economic flow in Mexico, he affirmed, by contributing 18.3% of the manufacturing GDP3.8% of the National GDP, which is reflected in more than 1 million direct jobs, speaking only of the manufacturing sector, plus the millions generated in branches such as distributor agencies, repair shops, among others.

This sector has an impact on 252 economic branches, being the fourth largest producer of auto parts in the world, the seventh in the manufacture of light vehicles, which are exported to more than 100 countries, as well as being the world’s leading exporter of trucks. said the National Auto Parts Industry.

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